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Rythu Bandhu or Banks Bandhu in Telangana?

2021-06-22 19:26:16 :

Telangana Chief Minister Ok Chandrashekar Rao has launched a revolutionary scheme referred to as Rythu Bandhu in 2018 to assist farmers to fulfill agriculture bills in kharif and Rabi seasons yearly.

KCR authorities is crediting Rs 10,000 per acre per 12 months to all farmers no matter land extent they personal. An individual proudly owning 50 acres is getting Rs 5 lakh Rythu Bandhu per 12 months.

This scheme is copied by Modi authorities on the Centre and a number of other state governments in numerous States with totally different names. However no State authorities or Centre is giving such a giant quantity like Telangana Rythu Bandhu. They’re imposing a number of restrictions.

However bankers in Telangana have now turned Rythu Bandhu as Banks Bandhu nowadays.

They’re adjusting Rythu Bandhu quantity to clear crop mortgage arrears of famers straight from their accounts. Banks aren’t giving Rythu Bandhu to farmers who’ve mortgage arrears.

Farmers are crying foul and complained to authorities on banks.

Finance minister Harish Rao convened emergency assembly with bankers at present and warned them towards adjusting Rythu Bandhu quantity for different functions.

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