What does mean by Rythu Bandhu Pathakam in Telangana? Are the farmers of Andhra Pradesh also eligible for Rythu Bandhu Pathakam? Can the tenure of interest-free loan be extended to one year due to Covid-19?
Asked: June 28, 20202020-06-28T17:14:53+00:00 2020-06-28T17:14:53+00:00In: News
What is Rythu Bandhu Pathakam in Telangana?
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Rythu Bandhu Pathakam is a seasonal scheme to help farmers and peasants in times of low sales. Under this scheme, the Telangana government will give short-term loans or advances to farmers across the state.
Currently, AMC (Agricultural Marketing Committee) has been entrusted with the responsibility to ensure the scheme’s smoother allocation and disbursement of loans to eligible farmers.
Farmers will get temporary financial advances to sell their agricultural produce in the market. By doing so, it will prevent a glut of agricultural produce leading to fall in their prices.
Farmers and peasants can get a loan up to Rs. 2,00,000 under the scheme and they need not pay any interest on the sum for the first six months from the date of loan taken.
Previously, the scheme had a provision of Rs. 1,00,000 for the needy farmers in the united Andhra Pradesh comprising parts of Telangana as well.
However, that rule completely changed once Andhra Pradesh and Telangana were bifurcated way back in 2014.