CM Revanth Reddy Launches Rythu Bharosa Phase One With Rs 2482 Crore Transfer

On Tuesday, Chief Minister A. Revanth Reddy launched the first phase of the Rythu Bharosa assistance scheme for the kharif season in Hyderabad, transferring ₹2,482 crore directly into the bank accounts of 41.37 lakh farmers. Speaking at the launch event, the Chief Minister announced that the Congress government has spent ₹1.75 lakh crore on farmers' welfare during its 30 months in office.

The initial disbursement of ₹2,482 crore targeted farmers owning up to two acres of land. Reddy also announced that the government would release an additional ₹9,000 crore within nine days, which will benefit over 73 lakh farmers without any restrictions on landholding.

According to the Chief Minister, the government has successfully implemented its promise of waiving crop loans of up to ₹2 lakh. This waiver benefited 25.35 lakh farmers and cost the state ₹20,000 crore. Additionally, soon after the Congress government assumed office, it released ₹7,000 crore under Rythu Bharosa. After enhancing the annual assistance to ₹12,000 per acre, the government deposited ₹27,000 crore into farmers' accounts, bringing the total Rythu Bharosa disbursements to ₹36,000 crore with the latest phase.

Reddy provided a detailed breakdown of other agricultural welfare expenditures. The government spent ₹30,000 crore to provide free electricity for agriculture, averaging ₹1,000 crore every month. Another ₹4,000 crore was spent as a bonus for fine varieties of paddy, while ₹3,500 crore was directed toward the Rythu Bima insurance scheme.

The Chief Minister contrasted these figures with the previous BRS administration, claiming the current government spends nearly ₹6,000 crore monthly on the farming community, compared to ₹2,500 crore spent by the BRS. He accused the previous government of leaving behind a debt burden of ₹8.11 lakh crore when it demitted office in December 2023, compared to a state debt of ₹69,000 crore in 2014. Reddy challenged the BRS to a special Assembly debate on farmers' welfare to compare the achievements of both administrations.

Addressing seasonal challenges, Reddy urged farmers to adapt to changing climatic conditions, referencing scientific predictions of below-normal rainfall this season. He advised them to plan their cultivation based on rainfall patterns and noted that seven varieties of fine paddy seeds have been made available through Rythu Vedikas to support them.