The State government is likely to make an announcement regarding crediting of amounts of ₹5,000 an acre into farmers’ accounts under its flagship scheme — Rythu Bandhu.
The government, in the last 10 phases of implementation of the scheme. had credited the amounts at the commencement of crop season. But the announcement has been delayed for the current kharif season. “Nothing specific. Announcement will be made any time soon,” a senior Finance department official said when asked about the reasons behind the delays in making payments under Rythu Bandhu.
The government, sources said, is in the process of mobilising resources to the tune of over ₹4,000 crore that should be credited into the accounts of over 70 lakh farmers for this instalment of the Rythu Bandhu. The Government raised ₹4,000 crore open market borrowings in the auction of securities conducted by the Reserve Bank of India this month, leaving scope for raising another ₹ 2,500 crore by June end.
