Financial Assistance to Telangana farmers under Rythu Bandhu Scheme

Financial assistance to telangana farmers under rythu bandhu scheme
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Distribution of financial assistance to Telangana farmers under the Rythu Bandhu scheme will begin across the State. At Rs 5,000 per acre, the State government will distribute Rs 7,515 crore towards 1.52 crore acres of agricultural land belonging to 61.49 lakh farmers for the Yasangi season this year. The number of farmers benefiting from the scheme increased by 3.87 lakh from the 57.62 lakh farmers last Yasangi season.

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Telangana Chief Minister K Chandrashekhar Rao, who reviewed the implementation of the Rythu Bandhu scheme at Pragathi Bhavan here on Sunday, directed the officials to deposit the amount directly into the bank accounts of all farmers in the State. He placed the onus of distributing the financial assistance to all the farmers on Agriculture department officials who will oversee implementation of the scheme twice every year.

The officials have already made arrangements to complete the distribution process before the Sankranthi festival. District collectors and agriculture department officials as well as banks have been instructed to ensure that farmers withdraw the amounts released under the Rythu Bandhu scheme from their bank accounts in strict adherence with Covid-19 norms.

Farmers who are unable to visit their bank branches can also withdraw the Rythu Bandhu amount from micro ATMs available at 4,860 post offices located in rural areas. Through these micro ATMs, a maximum amount of Rs 10,000 can be withdrawn per day. The farmer can visit the nearest post office with his/her Aadhaar card linked to their mobile phone number and also their bank account. They can withdraw cash through biometric and giving the OTP received on their registered mobile numbers to the post office.

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