Hyderabad: Rythu Bhima, the one of its kind State-sponsored insurance cover scheme for farmers in the State, has so far come to the rescue of 4,100 families with cheques of Rs 5 lakh in just three-and-half months. The families of 4,100 deceased farmers in the State had the money in their accounts within a fortnight of the death of the ryot. The total amount disbursed by the nodal Life Insurance Corporation (LIC) of India so far amounts to Rs 205 crore.
The TRS government introduced Rythu Bhima, touted to be the first such scheme in the world, on August 15, coinciding with Independence Day. The scheme covers all farmers in the State irrespective of land holdings, cause of death and financial status. The entire premium for 31 lakh farmers covered under the scheme was paid by the State government at the rate of Rs 2,729 per farmer. The State government allocated Rs 800-odd crore in the budget for the scheme.
There are another 235 claim applications pending with the LIC. In all the cases, the Agriculture Department cleared claims immediately on receipt to ensure that the insurance amount is credited into the bank accounts of nominees within a fortnight by LIC.
Similarly, Rythu Bandhu, another novel initiative of the TRS government to extend financial assistance to farmers, has also brought cheer to the farming community. The government disbursed Rs 4,000 per acre to 57.24 lakh farmers during the last kharif season amounting to Rs 5,618 crore. For the current yasangi crop, the government has so far disbursed a total of Rs 4,725 crore covering 44 lakh farmers. The process of depositing the financial assistance in farmers’ bank accounts is still on, sources told Telangana Today, adding that so far, a total of Rs 10,342 crore had been disbursed for the two seasons under the scheme.
The government launched this programme to relieve farmers from debts and to ensure that they don’t fall into the debt trap again.