First tranche of Rythu Bharosa released by CM Revanth

First tranche of Rythu Bharosa released by CM Revanth

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 in paddy production in the country. This season alone, the State procured 71 lakh metric tonnes of paddy, though the Centre was not procuring beyond 50 lakh metric tonnes.

Emphasising the need for crop diversification, Mr. Reddy said that agriculture must evolve beyond paddy cultivation. “Earlier, different regions cultivated different crops. Around Hyderabad, fruit orchards were common. We must encourage farmers to diversify and adopt crop rotation in all areas,” he said.