Telangana Govt pays out Rythu Bandhu, loan waiver
It was finally time for farmers to celebrate after the sun and the rain, which inflicted varying degrees of crop damage, as the government provided the Rythu Bandhu help coupled with a crop debt cancellation, igniting enthusiasm among agricultural families. Farmers thanked chief minister K. Chandrashekar Rao for effectively implementing both programmes at once while spending thousands of billions of rupees despite severe budgetary restrictions.
Farmers were promised that agricultural debts up to Rs 1 lakh would be waived, and this action demonstrates the CM's sincerity and dedication to their welfare. The state government sent Rs 7,625 crore to the accounts of 68.99 lakh farmers to conclude the 11th round of Rythu Bandhu transfers for the ongoing kharif season. Beginning on june 26, farmers who owned up to five acres may begin receiving payments. The programme for farmers who own six acres or more was delayed due to a funding shortage.
Since May 2018, the government has distributed Rs 72,815 crore to farmer accounts through Rythu Bandhu, a programme that extends the price per acre to Rs 5,000 for each kharif and rabi season. Farmer B. aravind Reddy, who lives in Amberpet and has 20 acres of land in the nalgonda district, reported receiving Rs 1 lakh under Rythu Bandhu on Wednesday.
According to sources, farmers who possess more than 10 acres would not get Rythu Bandhu since the state government is experiencing financial difficulties. I felt anxious. Despite this, cm Chandrashekar Rao disbursed the money to all farmers, regardless of how much land they owned. On Wednesday, I was given Rs. A small fraction of farmers in the state have properties larger than 20 acres but smaller than 100 acres, but all of them received the money, he said.
The largest remittances went to farmers in the nalgonda district, totaling Rs 609.67 crore, covering 5.87 lakh farmers, while the lowest remittances in the state went to farmers in Medchal-Malkajgiri, totaling Rs 33.60 crore, covering 35,879 farmers. Five lakh more farmers obtained Rythu Bandhu benefits during this kharif season, including 1.5 lakh who received podu land pattas covering more over four lakh acres.
Similarly, starting august 3, the government has begun paying agricultural debt exemptions straight into farmers' accounts. The chief minister said last week that he would forgive loans up to Rs 1 lakh, and last week he issued Rs 5,809 crore all at once to pay off loans up to Rs 99,999 apiece. The preceding week saw benefits for as much as 9,02,843 farmers who owing loans between Rs 35,000 and Rs 99,999. Additionally, the government intends to disburse Rs 13,000 crore to pay off the debts of farmers who took out loans above Rs 1 lakh. The government will pay off a loan of Rs 1 lakh, but farmers would be responsible for the remaining amount.
Farmers were promised that agricultural debts up to Rs 1 lakh would be waived, and this action demonstrates the CM's sincerity and dedication to their welfare. The state government sent Rs 7,625 crore to the accounts of 68.99 lakh farmers to conclude the 11th round of Rythu Bandhu transfers for the ongoing kharif season. Beginning on june 26, farmers who owned up to five acres may begin receiving payments. The programme for farmers who own six acres or more was delayed due to a funding shortage.
Since May 2018, the government has distributed Rs 72,815 crore to farmer accounts through Rythu Bandhu, a programme that extends the price per acre to Rs 5,000 for each kharif and rabi season. Farmer B. aravind Reddy, who lives in Amberpet and has 20 acres of land in the nalgonda district, reported receiving Rs 1 lakh under Rythu Bandhu on Wednesday.
According to sources, farmers who possess more than 10 acres would not get Rythu Bandhu since the state government is experiencing financial difficulties. I felt anxious. Despite this, cm Chandrashekar Rao disbursed the money to all farmers, regardless of how much land they owned. On Wednesday, I was given Rs. A small fraction of farmers in the state have properties larger than 20 acres but smaller than 100 acres, but all of them received the money, he said.
The largest remittances went to farmers in the nalgonda district, totaling Rs 609.67 crore, covering 5.87 lakh farmers, while the lowest remittances in the state went to farmers in Medchal-Malkajgiri, totaling Rs 33.60 crore, covering 35,879 farmers. Five lakh more farmers obtained Rythu Bandhu benefits during this kharif season, including 1.5 lakh who received podu land pattas covering more over four lakh acres.
Similarly, starting august 3, the government has begun paying agricultural debt exemptions straight into farmers' accounts. The chief minister said last week that he would forgive loans up to Rs 1 lakh, and last week he issued Rs 5,809 crore all at once to pay off loans up to Rs 99,999 apiece. The preceding week saw benefits for as much as 9,02,843 farmers who owing loans between Rs 35,000 and Rs 99,999. Additionally, the government intends to disburse Rs 13,000 crore to pay off the debts of farmers who took out loans above Rs 1 lakh. The government will pay off a loan of Rs 1 lakh, but farmers would be responsible for the remaining amount.