All posts tagged: Rythu

₹3,301 crore paid to 66,038 farmer families under Rythu Bima: Tummala

₹3,301 crore paid to 66,038 farmer families under Rythu Bima: Tummala

Published by Parlour News

Hyderabad The State Government has provided insurance assistance worth ₹3,301.90 crore to the families of 66,038 deceased farmers under the Rythu Bima scheme during the last two-and-a-half years, Agriculture Minister Tummala Nageswara Rao said on Thursday. Providing details of the Bima scheme, the Minister stated that from December 2023 till date, 66,038 farmer families had benefited from the programme, with insurance claims amounting to ₹3,301.90 crore directly credited to the nominees’ bank accounts. Out of this, ₹1,004.50 crore was paid to 20,090 families between December 2023 and the end of that year, while ₹1,293.05 crore was disbursed to 25,861 families during 2024. For the financial year 2025-26, a total of 42.16 lakh farmers have been enrolled under the Rythu Bima scheme, he said. The government has paid the entire annual premium of ₹1,359.56 crore to LIC, ensuring coverage for all registered farmers. As a result, insurance assistance worth ₹1,004.35 crore has been extended to 20,087 bereaved farmer families during the year, providing crucial financial support in difficult times. In a statement, he dismissed the allegations …

First tranche of Rythu Bharosa released by CM Revanth

First tranche of Rythu Bharosa released by CM Revanth

Published by Parlour News

Chief Minister A. Revanth Reddy during the release of Rythu Bharosa funds in Siddipet on Sunday. Hyderabad The first tranche of Rythu Bharosa funds was released by Chief Minister A. Revanth Reddy during the “Rythu Utsavalu” at Narmetta in Nangunuru mandal of Siddipet district on Sunday. He promised earlier that a total amount of ₹9,000 crore would be released in three phases within 45 days to 70 lakh farmers. The Chief Minister said that the first tranche of payment, ₹3,600 crore, will be credited on Monday (March 22), another ₹5,400 crore will be released in the next 20 days and the remaining in the next 20 days. Mr. Reddy claimed that during the 10-year rule of K. Chandrasekhar Rao, the State spent an average of ₹2,533 crore per month on farmers, whereas Congress government has been spending ₹5,500 crore per month over the last 28 months on agriculture and farmers’ welfare. In the last two years alone, over ₹1 lakh crore has been spent on farmers. The CM said that Telangana had emerged as number one …

After announcing Rythu Bharosa from Sankranti, Telangana decides to raise ₹30,000 crore market borrowings in Q4

After announcing Rythu Bharosa from Sankranti, Telangana decides to raise ₹30,000 crore market borrowings in Q4

Published by Parlour News

Of the ₹49,255 crore market borrowings approved for Telangana for current financial year (2024-25), the State is left with scope to borrow ₹8,000 crore in the last quarter. The State government however decided to raise ₹30,000 crore market borrowings during the January-March quarter. | Photo Credit: Getty Images Telangana Government has decided to raise a huge ₹30,000 crore market borrowings during the last quarter of the current financial year (2024-25). The State has proposed to raise ₹10,000 crore each in the three months of the January-March quarter. Interestingly, it has proposed to participate in the auction of securities on all the 12 Tuesdaysin the quarter, according to the indicative calendar of market borrowings released by the Reserve Bank of India for the fourth quarter. RBI holds auction of securities on Tuesdays. State governments raises loans (market borrowings) through the auction. The decision to raise ₹30,000 crore in the last quarter follows the Government’s announcement of implementing Rythu Bharosa, farmers investment subsidy scheme, involving crediting of ₹7,500 an acre into the accounts of eligible farmers whose …

Onion, tomato prices likely to stabilise by next week, says Rythu Bazaar official

Onion, tomato prices likely to stabilise by next week, says Rythu Bazaar official

Published by Parlour News

People waiting in a queue to buy onions at a subsidised price of ₹33 a kg at Patamata Rythu Bazaar in Vijayawada. | Photo Credit: G.N. RAO The prices of onions and tomatoes at Rythu Bazaars in Vijayawada declined as the same has come down significantly in the retail markets compared to last week when a kg of tomato was available for ₹68. On October 10 (Thursday), a kg of onion was sold somewhere between ₹50 and ₹55, while the government is providing the vegetable at a subsidised rate of ₹33 a kg in all seven Rythu Bazaars in the city. The tomato prices remained at ₹50 a kg both in Rythu Bazaars and retail markets on Thursday. However, half a kg tomato was sold at around ₹55 on platforms such as Swiggy. Patamata Rythu Bazaar Estate Officer Karunakar said that the prices were expected to come down on Friday and stabilise by the next week. The onions from Maharashtra were sold at ₹50 a kg, while the Kurnool ones, which are smaller and reddish, …

Rythu Bandhu for Yasangi disbursed to 92.68% farmers

Published by Parlour News

Telangana government has completed disbursement and direct benefit transfer of Rythu Bandhu funds of ₹5,000 per acre for the 2023-24 Rabi or Yasangi season to 92.68% of farmers, by crediting ₹5,575 crore to the land-holding farmers’ bank accounts as on March 28. According to a statement issued by the Agriculture department on Friday, the investment support has reached 64,75,320 farmers with land-holding up to 5 acres. The disbursement was done as per the land details recorded by the previous government. The benefit has been disbursed for 1,11,49,534 acres so far, including 22,24,870 farmers with land-holding up to one acre, 17,72,675 farmers with an extent up to two acres, 11,30,788 farmers with an extent up to three acres, 6,54,419 farmers with an extent up to four acres and 4,92,568 farmers with extent up to five acres. Chief Minister A. Revanth Reddy had made it clear that the Government was not willing to extend the benefit to people who own real estate ventures or hillocks that were registered as patta land. Source link

Existing pensioners and Rythu Bharosa beneficiaries will continue to get benefits : Telangana CM Revanth Reddy

Published by Webster

Telangana Chief Minister A. Revanth Reddy along with Deputy Chief Minister Bhatti Vikramarka Mallu and Roads and Buildings Minister Komatireddy Venkat Reddy at the launch of Praja Palana (Abhaya Hastham) logo and application form at Dr. B.R. Ambedkar Telangana State Secretariat in Hyderabad on December 27, 2023. | Photo Credit: NAGARA GOPAL Chief Minister A Revanth Reddy allayed fears among the beneficiaries of various schemes including Rythu Bharosa (formerly Rythu Bandhu) and said that they would continue to get the benefits. Mr. Reddy who reviewed the progress of Praja Palana with senior officials on Saturday, dismissed the apprehensions in some quarters that old beneficiaries of welfare schemes such as Rythu Bandhu need to apply afresh for receiving the benefits. These sections would continue to get their benefit as usual and only people who are eligible but left out should submit fresh applications, the CM said. People wait to submit their Abhaya Hastham application forms in Hyderabad on December 29, 2023. | Photo Credit: RAMAKRISHNA G Stringent action against sale of Abhaya Hastham forms Mr. Revanth Reddy …

With Rythu Bandhu’s Success, BRS Aims At ‘Kisan Sarkar’

Published by Webster

Last Updated: December 29, 2022, 16:18 IST In the 10th phase of Rythu Bandhu, Rs 7,676.61 crore will be credited to the bank accounts of 70.54 lakh farmers covering 1.53 crore acres before Sankranthi. (Representational Photo: Reuters File) The scheme aims at providing timely cash to farmers for their investment requirements, and to ensure they don’t get trapped in debt. The Telangana government has launched the 10th phase of Rythu Bandhu (acronym for ‘Friend of the Farmer’) scheme, which the ruling Bharat Rashtra Samithi (BRS) has promised to replicate all over the country to save farmers from debt. Under this phase, Rs 7,676 crore will be deposited in the bank accounts of nearly 70 lakh farmers towards investment support for the Yasangi (rabi) season. The scheme aims at providing timely cash to farmers for their investment requirements, and to ensure they don’t get trapped in debt. According to the Tata Institute of Social Sciences report on a beneficiary survey in 2019, the scheme provided full cash transfer to 78% of landowner farmers for both seasons. …