Mon Dec 16 09:50:10 UTC 2024: ## Telangana Govt. to Deliver on Rythu Bharosa Promise, Possibly as Sankranti Gift
**Hyderabad, [Date]:** The Telangana government is gearing up to fulfill its election promise of Rythu Bharosa, a financial assistance scheme for farmers, potentially as early as Sankranti festival. Chief Minister Revanth Reddy’s recent announcement of post-Sankranti implementation has generated anticipation among farmers, who are facing rising input costs and low market prices for their produce.
The scheme requires approximately ₹10,000 crore, and the government is reportedly in discussions with banks to secure the necessary funds. If bank loans prove insufficient, the government is considering selling or mortgaging its land, possibly in the high-value Kokapet area, to meet the financial commitment. This strategy mirrors past practices by the previous BRS government.
Rythu Bharosa will benefit farmers owning up to 5 acres of land actively engaged in agriculture. Beneficiaries must possess complete land ownership documents. The government aims to complete the disbursement before the end of the fiscal year on March 31st, aiming for a January 20th deadline at the latest, ideally coinciding with Sankranti. This swift action reflects the Congress government’s commitment to fulfilling key election promises within the current fiscal year. The need for the scheme is underscored by the difficulties faced by farmers due to escalating fertilizer and pesticide prices, and unfair market practices.
First Piper 