Rythu Bandhu Scheme: Telangana government launches investment support scheme for farmers

Telangana government has launched Rythu Bandhu (friend of farmers) Scheme, an investment support scheme to support livelihood of farmers. It is first of its kind investment support scheme for farmers to be launched by any state in India,

Key Facts

Under this scheme, farmers will directly get financial support twice every year to maximise agricultural production and productivity. They will get investment support of Rs 8,000 per acre every year (Rs. 4000 each for monsoon and Rabi season) as crop investment support. About 58 lakh farmers who till over 1.42 crore acres of land in the state are expected to be benefitted from the initiative. The state government has already set aside Rs 12,000 crore in the 2018-19 budget exclusively for this scheme.

Month: Current Affairs - May, 2018