Connect with us

State

Telangana: CM Revanth Reddy Releases “Rythu Bharosa” Funds: Funds to be credited to Farmers’ Accounts Starting Tomorrow

Chief Minister Sri A. Revanth Reddy released funds for the “Rythu Bharosa” investment support scheme for the state’s farming community. He released the funds by pressing a button during the ‘Praja Palana – Pragathi Pranalika’ (People’s Administration – Progress Plan) program held at Narmetta in Siddipet district. He announced that the funds would begin to be credited to farmers’ accounts starting tomorrow, and that a total of ₹9,000 crore would reach the accounts of all eligible farmers within the next 45 days.

The Chief Minister inaugurated and dedicated to the farmers an Oil Palm factory at Narmetta in Nangunuru Mandal of Siddipet district, which was completed in a record time of just 17 months. Subsequently, he inaugurated various development works worth ₹775 crore in the district and laid the foundation stones for several new projects.

Speaking at a public meeting organized on this occasion, the Chief Minister expressed the view that a system of crop diversification within the agricultural sector is essential to elevate the farmer to the status of a “King.” He directed the administrative machinery to remain vigilant, noting the potential risk of shortages in gas and urea supplies due to the ongoing conflict in West Asia.

The Chief Minister highlighted that while the previous government spent an average of ₹2,533 crore per month on farmer welfare over a period of 114 months, the current “People’s Government” has spent ₹5,500 crore per month over the past 28 months. He stated that, through initiatives such as free electricity for farmers, remunerative prices, bonuses for fine-variety paddy, loan waivers, Rythu Bharosa, insurance coverage, and compensation for crop damage caused by unseasonal rains—amounting to a total expenditure of ₹1.30 lakh crore—the government continues to uphold the vision of a “Rythu Rajyam” (Farmers’ Kingdom).

The Chief Minister emphasized the need to raise awareness among farmers regarding crop diversification in order to make agriculture more profitable, and called for the formulation of appropriate plans to achieve this objective. He directed officials to prepare strategies aimed at ensuring remunerative prices for farmers’ produce and transforming farming into a profitable enterprise.

The Chief Minister noted that the ongoing conflict in West Asian nations could potentially lead to shortages of urea and gas in the coming days, and urged the administration to be prepared to tackle such challenges. He requested the Central Government to prioritize the allocation of urea produced at the Ramagundam facility in Telangana exclusively to the state itself.

He directed that, under the leadership of Agriculture Minister Thummala Nageswara Rao and with the cooperation of Union Minister Kishan Reddy (who hails from the state), efforts must be made to secure the maximum possible allocation of urea for the state. Furthermore, he suggested that, given the current circumstances, the usage of Nano Urea should also be increased.

The Chief Minister announced that the government would take full responsibility for facilitating the export of farmers’ produce to international markets. He stated that in the endeavor to build a magnificent Telangana, every crop and every grain produced should contribute towards realizing the vision of a “Golden Telangana.”

The Chief Minister noted that 7.1 million metric tonnes of paddy were procured this year. He observed that despite distributing fine-quality rice domestically and exporting significant quantities to various countries across the globe, a surplus still remains. He expressed his delight that, despite being a relatively small state, Telangana produced 2.58 million metric tonnes of food grains this year, thereby securing the number one position in the entire country.

In light of the recent inauguration of an oil palm processing factory, the Chief Minister assured farmers that while oil palm is currently being cultivated across 300,000 acres in the state, the government is prepared to procure the produce even if cultivation expands to 1 million acres. If industries such as oil palm processing units are established—thereby making agriculture a profitable venture—farmers’ children will no longer need to seek financial assistance from anyone to pursue their education or build their homes.

The 12,728 Gram Panchayats across the state should look to Ankapur village in Nizamabad district as a model to emulate. There is a pressing need to implement initiatives aimed at encouraging the cultivation of profitable crops.

The Chief Minister urged the District In-charge Minister, Damodar Raja Narasimha, and the concerned Department Minister, Thummala Nageswara Rao, to take the initiative to establish a palm oil factory in the Kodangal constituency—similar to the one constructed in Narmetta.

 

 

 

Advertisement

Must See

More in State