In a remarkable move driven by his unwavering commitment to uplift the agricultural community, Chief Minister K. Chandrashekar Rao launched the Farmer Welfare Scheme Telangana RYTHU BIMA on August 15, 2018, with the relentless aim of transforming the financial landscape of families adversely affected by farming setbacks.
Empowering Farmers through LIC Premiums
With a profound understanding of the challenges faced by deserving farmers, the Telangana Government has been providing significant support to distressed families through the LIC Premium program. This initiative has bestowed a much-needed financial boost of ₹5 million to families grappling with the aftermath of crop failures and other agricultural hurdles.
Registration and Progress of Telangana RYTHU BIMA
Since the inception of the program in the fiscal year 2018-19, a staggering 312,500 farmers had registered under their names. The momentum continued to surge as the numbers swelled to an impressive 410,400 in the fiscal year 2023-24.
Promoting Financial Security
The program has made significant strides in securing the financial future of farmers. Back in 2018, when ₹602 crore were collected as premiums, today, that number has escalated to a monumental ₹1,477 crore.
A Lifeline in Times of Crisis
Recognizing the indispensable nature of land to farmers, the Telangana Government, under the leadership of Chief Minister K. Chandrashekar Rao, has extended an incredible financial safety net. In the unfortunate event of a farmer’s demise, the resilient Farmer Welfare Scheme steps in, offering a remarkable ₹500,000 to support the bereaved family.
An Unparalleled Initiative
It is noteworthy that the Farmer Welfare Scheme’s ingenuity and efficacy have made it a standout model on the global stage. Nowhere else does a program exist that dedicates itself to the financial well-being of farmers and their families in such a comprehensive and compassionate manner.
Beyond Farmers, For Families
Chief Minister K. Chandrashekar Rao’s visionary approach transcends the conventional scope of merely supporting farmers; it extends to nurturing the families that depend on them. The gratitude towards Chief Minister K. Chandrashekar Rao, the farmer’s friend, knows no bounds.
In conclusion, the Farmer Welfare Scheme stands as a beacon of hope and transformation, revolutionizing the agricultural sector and securing the future of both farmers and their families. The pioneering efforts of Chief Minister K. Chandrashekar Rao have earned him the heartfelt appreciation and admiration of the agricultural community and beyond.
Enhancing Farmers’ Wellbeing: Budget Allocation for Rythu Bima Scheme
The Agriculture and Cooperation Department – Budget Estimates for the fiscal year 2021-2022 has taken a significant stride towards supporting the agricultural community through the release of a substantial amount of Rs. 800,00,00,000/- (Eight Hundred Crores) for the implementation of the Rythu Bima scheme. This initiative aims to provide insurance coverage to farmers, safeguarding their livelihoods and ensuring a more resilient agricultural sector. The Administrative Sanction order issued by the AGRICULTURE AND COOPERATION (AGRI.II) DEPARTMENT, dated 06-08-2021, paves the way for a strengthened agricultural landscape.
Empowering Farmers Through Rythu Bima Scheme
The release of funds under the Rythu Bima scheme signifies a pivotal step in fortifying the financial security of farmers. The scheme, designed to provide insurance coverage to farmers, aligns with the government’s commitment to enhancing the welfare of those who contribute immensely to the nation’s food production. By allotting Rs. 800,00,00,000/- towards the scheme, the government showcases its dedication to the agricultural sector’s prosperity.
Budget Release and Administrative Sanction
The Budget Release Order (BRO) numbered 988, issued by the Finance (EBS.II) Department on 06-08-2021, plays a crucial role in authorizing the allocation of funds for the Rythu Bima scheme. The AGRICULTURE AND COOPERATION (AGRI.II) DEPARTMENT, in alignment with this BRO, has granted Administrative Sanction for the aforementioned amount of Rs. 800,00,00,000/-. This sanction allows for the utilization of funds from the Budget Estimate Provision 2021-22, specifically designated for the Rythu Bima scheme.
Strengthening Agricultural Resilience
The Rythu Bima scheme stands as a testament to the government’s commitment to fostering agricultural resilience. By providing insurance coverage to farmers, the scheme mitigates risks associated with crop loss, ensuring that farmers are not left vulnerable to the unpredictabilities of nature. This initiative empowers farmers to embrace innovation and modern practices, knowing that their efforts are safeguarded by a robust safety net.
The responsibility for executing the Rythu Bima scheme lies with the Commissioner of Agriculture, Telangana, Hyderabad. With this Administrative Sanction order in place, the Commissioner is empowered to initiate necessary actions that streamline the implementation process. This includes coordinating the disbursement of insurance benefits, ensuring transparency, and fostering effective communication between stakeholders.
In conclusion, the release of Rs. 800,00,00,000/- towards the Rythu Bima scheme underscores the government’s unwavering dedication to the prosperity of the agricultural community. By prioritizing the financial security of farmers and acknowledging their invaluable contributions, this budget allocation sets a precedent for sustainable agricultural growth. The Rythu Bima scheme not only offers insurance coverage but also symbolizes a collective effort to empower farmers and fortify the agricultural backbone of the nation.