Rs 4000 per acre per season! Report claims this Modi govt move to finally bring 'Achche Din' for farmers

A report claims that Prime Minister Narendra Modi-led Union Government is planning to put money directly in the hands of farmers in a bid to boost their economic condition. According to a report by The Print, the government's ambitious income support plan for farmers may be announced before the Union Budget 2019. For an immediate implementation of the scheme, the government may also seek the Parliament's approval for the additional expenditure through the supplementary demand for grants

Interestingly, the report suggests, that the income support scheme could be on the lines of Universal Basic Income (UBI) and Telangana’s Rythu Bandhu scheme.  While UBI refers to unconditional cash transfers to the target group, Telangana's Rythu Bandhu scheme provides monetary support to farmers to buy farm inputs on the basis of their land holdings. 

What is Rythu Bandhu scheme

TRENDING NOW

Stock Split: Teamo Production announces record date - Check details

Marinetrans India IPO opens for subscription: Check out lot size, allotment date, other details

Aurobindo unit gets USFDA nod to market generic asthma medication

Delhi weather today: National capital records minimum temperature of 12.6 degree Celcius

FINAL TRADE: Sensex up 86 pts; Nifty above 20,100; Delta Corp up over 9% after getting interim relief in GST demand case

Redmi 13C 5G launch date in India confirmed: Check expected price, features and other details

China's factories fall deeper into contraction, more policy support expected

Aether Industries hits 52-week low after blast at its chemical plant kills seven, injures 24

Goldilocks meets Santa as global stocks power to best month in three years

Blast at Aether Industries chemical plant kills seven, injures 24

Coal will remain an important part of India's energy needs: Government official

Gandhar Oil Refinery India makes a strong debut on D-Street, shares list at 76% premium over issue price

Telangana Assembly election 2023: Will BRS retain its power for a third time? Check latest voting updates, date of counting, results announcement of 119 Assembly seats

HAL hits its 4th 52-week high in a row; Cochin Shipyard rises as defence ministry discusses deals worth thousands of crores

MSCI rejig: 9 Indian stocks set to be included; India's weight will increase to 16.3%

According to the official website of Telangana government's Ryuthu Bandhu, the scheme provides investment support to agriculture and horticulture crops by way of grant of Rs. 4,000/- per acre per farmer each season for the purchase of inputs like seeds, fertilizers, pesticides, labour and other investments in the field operations of farmer’s choice for the crop season.

If a beneficiary of the scheme cultivates an acre of land for two seasons in a year, h/she is eligible for Rs 8000. The investment support will be more if the farmer cultivates more land. 

The amount is distributed through "Order Cheques" before the start of the Kharif season. The Ryuthu Bandhu scheme has been implemented from the year 2018-19 onwards from the beginning of the Kharif (Vanakalam in Telugu) season. The state government had earmarked an additional budget of Rs 12000 crore for the financial year. 

आज दिनभर देखिए #ZeeBusiness की खास पेशकश #AccidentalPM
क्या है ये खास शो और कैसे आप दर्शक इसमें ले सकते हैं भाग, देखिए इस वीडियो में... तो देर किस बात की पोल में हिस्सा लीजिए और 3 लकी विजेताओं का नाम 10:45 पर चैनल पर दिखाया जाएगा।@AnilSinghviZEE @deepaliranaa @SumitResearch pic.twitter.com/kUmGi4zQGD

— Zee Business (@ZeeBusiness) January 11, 2019

The scheme aims to relieve the debt burden and not allowing farmers to fall into the debt trap again.