The Telangana government has earmarked Rs 9,000 crore for the Rythu Bharosa scheme to aid farmers cultivating on 1.50 acres. Chief Minister A. Revanth Reddy disbursed the first installment of Rs 3,590 crore during a public event in Narmeta, Siddipet district.
The funds, scheduled for credit on Monday due to Sunday’s holiday, aim to support 70 lakh farmers with an annual input subsidy of Rs 12,000 per acre. Reddy assured the release of subsequent installments totaling Rs 5,410 crore within the next 40 days.
Despite financial challenges, the government remains committed to farmer welfare initiatives, with over Rs 1 lakh crore already spent in two years. Reddy emphasized the importance of farmers’ happiness and agricultural diversification for sustainable growth.
Telangana, under Reddy’s leadership, has excelled in paddy production, procuring 71 lakh tonnes this season. Reddy urged farmers to diversify crops for profitability, highlighting the state’s efforts to ensure agricultural transformation with Central government support.
