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The agriculture and allied sector, supported by Telangana government’s income support and crop insurance schemes for farmers, has been a significant contributor to the economic development in the state since 2016-17.
According to state government data, around 6.3 million farmers have received Rs 50,000 crore so far under the Rythu Bandhu scheme, launched in 2018. The central government followed the Rythu brothers and launched the Pradhan Mantri Kisan Samman Nidhi (PM Kisan) in 2019.
Under the Rythu Bandhu scheme, the state government is depositing Rs 5,000 per acre per season in the bank accounts of land-owning farmers before the Rabi and Kharif seasons.
The state has reported a strong growth rate in agriculture and allied sector in 2020-21 and 2021-22 at Present Gross Value Added (GVA) of 12.24% and 9.09% respectively. Agriculture and allied sectors remained strong in the state during the pandemic.
“This has been achieved through a number of factors including new irrigation schemes such as the Kaleshwaram Lift Irrigation Project and Mission Kakatiya, and innovative agricultural assistance policies such as the Rythu Bandhu, Rythu Insurance schemes and 24×7 free electricity supply to agriculture. allied areas,” according to the state government.
Rythu Bima was launched in 2018 with the aim of providing financial relief and social security to the dependents in case of loss of life of the farmer.
The entire premium is borne by the state government, while all the farmers irrespective of the size of their land holdings are eligible for the insurance scheme.
In the event of death of the enrolled farmer due to any reason, the sum insured of Rs 500,000 is transferred to the nominated bank account within 10 days. According to TSEC, since 2018-19, the state government has settled claims worth Rs 3,763 crore and transferred the amount to 75,276 bereaved families.
“Policies like the Rythu Bandhu scheme have not only benefited the primary sector, but also impacted the secondary and tertiary sectors,” TSEC said. It added that the direct benefit transfer in the bank accounts of farmers under Rythu Bandhu has increased liquidity in the hands of farmer families.
“It has been used by farmers to buy goods and avail services produced by the industrial sector, thus creating a knock-on effect for the non-farm sector as well,” the government said.
On the procurement front, Telangana government agencies procured 25.24 million tonnes (MT) of paddy and 3.95 MT of cotton at the minimum support price during 2019-20 and 2020-21, according to data from the State Civil Supplies Corporation.
The state registered an increase of about 27% in paddy procurement in 2020-21 as compared to 2019-20. With a livestock population growth of 22.21% between the 19th and 20th Livestock Census (2012 and 2019 respectively), the state is leading the growth in the livestock population in the country.
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