From 28 June, Telangana will send funds to ryots accounts under the “Rythu Bandhu” program

From 28 June, Telangana will send funds to ryots accounts under the "Rythu Bandhu" program

The Telangana government said on Wednesday that starting on June 28, funds from the “Rythu Bandhu” investment support program would be deposited into the bank accounts of farmers in preparation for the Kharif season. According to a statement from the government, “Chief Minister K Chandrashekhar Rao has agreed to deposit Rythu Bandhu benefit for the forthcoming “Vanakalam” (rainy season) agricultural investment in farmers bank accounts starting on June 28.” According to the statement, the government would gradually transfer the “Rythu Bandhu” monies into farmers’ accounts. For the procurement of inputs like seeds, fertilizer, insecticides, and other investments twice a year for the Rabi and Kharif seasons, the State government gives farmers Rs 5,000 per acre every season.

Meanwhile, State Agriculture Minister S Niranjan Reddy thanked the Chief Minister for the implementation of the scheme, a release said. According to the release, 60.84 lakh farmers have benefited during the last Kharif season under the scheme with an amount of Rs 7,360.41 crores being spent. As many as 63 lakh farmers have got the ‘Rythu Bandhu’ benefit during the last summer season crop with an amount of Rs 7,412.53 crore being spent, it said. The release added that Rs 50,447.33 crore has been spent so far in eight phases since the introduction of the scheme (in 2018-19), the release added.

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