Minister says govt will also release balance financial aid to farmers
Stating that farmers are facing hardships due to non-release of financial assistance under Rythu Bandhu and loan waiver schemes, he demanded the government to immediately take steps to release the fun
On Tuesday, in his letter, Reddy said farmers in the State were facing a lot of hardships.
In 2001, they purchased land under survey number 208, for which they have applied for mutation with the Mandal revenue office in 2007, and officially got transferred the revenue records.
The 18 per cent cut of funds includes a five per cent cut with regards to Centrally Sponsored Schemes (CSS). Cuts do not bode well for State govt schemes such as Rythu Bandhu, Rythu Bhima.
Govt finalising modalities for crop loan waiver: Telangana Agriculture Minister Singireddy Niranjan Reddy
Agriculture Minister Singireddy Niranjan Reddy said that the government is in the process of finalising the modalities for implementation of farm loan waiver.
From this crop season, the State government is giving Rs 5,000 per acre per farmer, to meet investment costs like the purchase of fertilisers.
Besides `6,000 crore under Rythu Bandhu, State government has to disburse around `1,000 crore in May and another `1,000 crore in June for Aasara pensions
Those who own more than 25 acres, meanwhile, number just 15,775, and collectively hold 6.21 lakh acres of land. The amount required for them is Rs 621.99 crore.
Sarath’s family is happy now not because Rao called up them, but their land dispute has been resolved. To make things better, they got Rythu Bandhu cheques too.
Officials said that technical glitches hampered the updation of the details of eligible farmers which has now been completed.
He said that the total amount earmarked by the Central government under PM-KISAN was just five times more than the TS government’s allocation.
The State government had declared that it will enhance the Rythu Bandhu scheme amount to `10,000 per year per acre from 2019-20 financial year.
Domestic expects ratings agency India Ratings feel that such scheme if implemented in the budget is a better option than debt waivers.
The Election Commission of India has given its nod for disbursement of 4,000 per acre to farmers towards agriculture investment under Rythu Bandhu scheme on the ground that it is an ongoing scheme.