Why in the News?
After the completion of the loan waiver, the Telangana government will provide Rythu Bharosa assistance to support farmers further.
About the Rythu Bharosa Scheme:
Details | |
Scheme Name | Rythu Bharosa Scheme (Farmer’s Investment Support Scheme – FISS) |
Launch Year | 2018-19 Kharif season (Telangana Govt’s Navratna Scheme) |
Objective | To support the initial investment needs of farmers by providing financial aid for agriculture and horticulture crops. |
Benefits | ₹5,000 per acre per season as a grant for input purchases, with no cap on the number of acres owned by farmers. |
Eligibility |
|
Ineligible Farmers |
|
Significance of the move
- Financial Relief for Farmers: By waiving loans of up to ₹2 lakh per farmer, the scheme provides significant financial relief, helping farmers manage their debt and invest in future agricultural activities.
- Boost to Agricultural Sector: The waiver will enable farmers to focus on improving productivity and crop yields without the burden of debt, potentially boosting the state’s agricultural output.
- Reduction in Farmer Distress: This move will alleviate distress among farmers, especially those affected by unpredictable weather and fluctuating crop prices, reducing the risk of farm-related suicides and financial instability.
PYQ:[2020] Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes?
Select the correct answer using the code given below: (a) 1, 2 and 5 only |