Rythu Bandhu Scheme is an investment support scheme for farmers starte...
The Election Commission recently withdrew the permission given to the Telangana government to disburse the financial aid to farmers under the Rythu Bandhu Scheme.
About Rythu Bandhu Scheme:
- The Rythu Bandhu scheme, also known as the Farmer's Investment Support Scheme (FISS), is a welfare programme for farmers started by the Telangana government in 2018.
- The objective of this scheme is twofold:
- to provide a timely cash grant for the initial investment needs of farmers
- to ensure that farmers do not fall into the debt trap.
- Under the scheme, financial assistance of Rs 5,000 per acre per farmer each season is directly transferred to each farmer's account.
- This financial support was distributed biannually, allocated for both the kharif and rabi harvests.
- The assistance can be used 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.
- Eligibility:
- The scheme is open to all resident farmers in the state who own land.
- Farmers cultivating the land in the forest, a majority of them from Scheduled Tribe communities and having a Record of Forest Rights (ROFR) document, are also eligible to receive benefits under the scheme.
- It is the country's first direct farmer investment support scheme where cash is paid directly to the beneficiary.
Hence option c is the correct answer.
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Rythu Bandhu Scheme is an investment support scheme for farmers starte...
Introduction:
The Rythu Bandhu Scheme is an investment support scheme for farmers that was started by the state of Telangana in India. It is aimed at providing financial assistance to farmers to mitigate the risks involved in agricultural activities and improve their income.
Key Features of the Rythu Bandhu Scheme:
1. Investment Support: Under the scheme, the government provides financial assistance to farmers for purchasing agricultural inputs such as seeds, fertilizers, pesticides, and other necessary resources.
2. Direct Transfer: The financial assistance is provided directly to the bank accounts of the eligible farmers. This ensures transparency and eliminates the involvement of intermediaries, reducing the chances of corruption.
3. Per Acre Assistance: The financial assistance is provided on a per-acre basis. Each eligible farmer receives a fixed amount of money for every acre of land they own and cultivate. This amount is decided by the government and is subject to periodic revisions.
4. Support for All Cultivable Crops: The scheme covers all types of crops grown by the farmers, including both seasonal and non-seasonal crops. This ensures that all farmers, irrespective of the type of crop they cultivate, can avail the benefits of the scheme.
5. Flexible Spending: The financial assistance provided under the scheme can be utilized by the farmers as per their requirements. They have the freedom to spend the money on purchasing inputs, hiring labor, or any other agricultural-related expenses.
6. Yearly Disbursement: The financial assistance is provided on an annual basis, usually before the start of the cropping season. This helps the farmers in planning their agricultural activities effectively and ensures timely availability of resources.
Objective of the Rythu Bandhu Scheme:
The main objective of the Rythu Bandhu Scheme is to enhance the income and financial stability of farmers. By providing direct financial support for agricultural inputs, the scheme aims to reduce the burden of agricultural expenses on the farmers and enable them to invest in modern farming techniques, thereby increasing their productivity and income.
Significance of the Rythu Bandhu Scheme:
1. Empowering Farmers: The scheme empowers farmers by providing them with the necessary financial support to carry out their agricultural activities without facing financial constraints.
2. Poverty Alleviation: By improving the income of farmers, the scheme contributes to poverty alleviation in rural areas. It helps in reducing the economic disparities between rural and urban populations.
3. Agricultural Growth: The scheme promotes agricultural growth by encouraging farmers to adopt modern farming practices and invest in quality inputs. This leads to increased productivity and overall development of the agricultural sector.
4. Social Security: The scheme provides a sense of social security to farmers by ensuring a stable and regular source of income. This helps them in coping with various risks and uncertainties associated with agricultural activities.
In conclusion, the Rythu Bandhu Scheme started by the state of Telangana is a significant step towards supporting farmers and improving their livelihoods. By providing direct financial assistance for agricultural inputs, the scheme aims to empower farmers, reduce poverty, promote agricultural growth, and ensure social security for the farming community.