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.
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 has still 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.
Simultaneously, the distribution of cheques and passbooks was launched by people’s representatives and district officials across the state.