Note4Students
From UPSC perspective, the following things are important :
Prelims level: Rythu Bharosa Scheme
Why in the News?
After the completion of the loan waiver, the Telangana government will provide Rythu Bharosa assistance to support farmers further.
About the Rythu Bharosa Scheme:
Details | |
Scheme Name | Rythu Bharosa Scheme (Farmer’s Investment Support Scheme – FISS) |
Launch Year | 2018-19 Kharif season (Telangana Govt’s Navratna Scheme) |
Objective | To support the initial investment needs of farmers by providing financial aid for agriculture and horticulture crops. |
Benefits | ₹5,000 per acre per season as a grant for input purchases, with no cap on the number of acres owned by farmers. |
Eligibility |
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Ineligible Farmers |
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Significance of the move
- Financial Relief for Farmers: By waiving loans of up to ₹2 lakh per farmer, the scheme provides significant financial relief, helping farmers manage their debt and invest in future agricultural activities.
- Boost to Agricultural Sector: The waiver will enable farmers to focus on improving productivity and crop yields without the burden of debt, potentially boosting the state’s agricultural output.
- Reduction in Farmer Distress: This move will alleviate distress among farmers, especially those affected by unpredictable weather and fluctuating crop prices, reducing the risk of farm-related suicides and financial instability.
PYQ:[2020] Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes?
Select the correct answer using the code given below: (a) 1, 2 and 5 only |
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