Rs 3,590 crore first installment to benefit 70 lakh farmers across Telangana
Hyderabad: The state government will release the first instalment of Rythu Bharosa funds on March 22, with Chief Minister A. Revanth Reddy disbursing the benefits from Narmetta in Siddipet district. Under the scheme, ₹9,000 crore will be deposited in three instalments directly into farmers’ accounts.
At a meeting on Sunday with Deputy Chief Minister Mallu Bhatti Vikramarka, agriculture minister Tummala Nageswara Rao and officials, the Chief Minister finalised the release plan. In the first instalment, ₹3,590 crore will be deposited into the accounts of 70 lakh farmers owning up to one acre of land.
The second instalment of ₹2,650 crore will follow 20 days later, while the third and final instalment will be released by the end of April for farmers with larger landholdings.
Chief Secretary K. Ramakrishna Rao, Chief Minister’s principal secretary Seshadri, fiannce principal secretary Sandeep Kumar Sultania, and agriculture secretary Surendra Mohan were present at the meeting.
