Rythu Bandhu, Chief Minister K Chandrashekhar Rao’s dream initiative through which he gave a helping hand to the peasant community when it was entangled in a web of suffering, completed five years on Wednesday. A whopping 70 lakh farmers celebrated the occasion across Telangana, having received Rs 65,000 crore in 10 installments so far.
The Chief Minister felt the need to pass on direct benefits to farmers to relieve them of financial distress and their reliance on moneylenders after multiple rounds of stock-taking over the wretched conditions in which they lived in the State.
On February 25, 2018, he introduced the scheme at a Rythu Samanvaya Samiti convention at Prof Jayashankar Telangana State Agriculture University.
A budgetary allocation of Rs 12,000 crore was made the same year before the scheme was formally launched on May 10, 2018 in Dharmarajpalli village in Karimnagar district.
Rythu Bandhu, which received a massive response in the state, proved to be a game-changing initiative, compelling even the BJP-led Central government to think along similar lines on a national scale. Rythu Bandhu inspired the launch of the PM Kisan Yojana by the Centre and the Kalia program by the BJD government in Odisha.
So far, the State government has provided assistance to farmers by disbursing ten installments under the scheme. During Yasangi this year, a total of Rs 7,217.54 crore was released as assistance for 144.35 lakh acres, benefiting 63.97 lakh farmers.
Furthermore, Rythu Bandhu was acclaimed by the United Nations Food and Agricultural Organization (FAO) as one of the top 20 schemes that proved to be the most beneficial to farmers in the world.
In keeping with its pro-farmer policies, the State government implemented Rythu Bima, which provides farmers with Rs 5 lakh in insurance coverage. The Farmers Group Life Insurance Scheme (Rythu Bima)’s main goal is to provide financial relief and social security to families and dependents in the event of a farmer’s death due to any reason. So far, 99,297 farmer families have received Rs 4,965 crore under Rythu Bima.
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