Update : Financial Support to Farmers
The Andhra Pradesh government has announced the Rythu Bharosa scheme which will provide financial input assistance to the farmers.
What is Rythu Bharosa?
- The Rythu Bharosa will be aimed at all farmers (including tenant farmers) who hold a landholding up to a 5-acre limit.
- They will get Rs 12,500 a year as an incentive or input subsidy before each sowing (Rabi and Kharif) season begins.
- The benefits will be transferred directly to the accounts for the farmers (and tenant farmers).
- Agriculture and its allied services engage over 62% of the population in Andhra Pradesh.
- The Rythu Bharosa will replace the earlier Annadata Sukhibhava input subsidy program (launched by the previous Telugu Desam Party government).
- To improve the agricultural preparedness in the state, the Andhra Pradesh government will provide at least 200 borewell drill rigs, build cold storages and warehouses in each of the assembly constituencies of Andhra Pradesh.
The Rythu Bandhu scheme (also known as the Farmers Investment Support Scheme FISS) is a social welfare program aimed to support the farmer s income by providing him with financial assistance for two crops a year. The scheme is supported by the Government of Telangana. The government provides Rs 5000 per acre per season to support the farm investment, twice a year, for each of the two sowing (rabi and kharif) seasons.
This is a first direct farmer investment support scheme in India in which the cash is paid directly to the farmer. This was followed by the nationwide PM-KISAN program.
Category: Government Schemes Current Affairs
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