Telangana launches 12,600cr Indira Solar scheme to empower tribal farmers
solar-powered irrigation
across six lakh acres of land over the next five years, directly benefiting 2.1 lakh tribal farmers who were granted land titles under the
Forest Rights Act
.
Chief minister A Revanth Reddy and deputy chief minister Bhatti Vikramarka will officially launch the scheme on May 18 at Macharam village in Amrabad mandal in Achampet constituency. Implementation of the scheme is scheduled to begin in the 2025-26 fiscal year and continue through 2029-30, with 100% subsidy coverage to ensure equitable access for all eligible farmers.
The scheme will be jointly executed by multiple departments, including forest, energy, health and rural development, rural water supply, groundwater, agriculture, and horticulture, to ensure seamless integration and delivery.
In addition to solar-powered irrigation, the scheme includes support for horticultural development through drip irrigation, provision of high-quality saplings, and interim income assistance through intercropping until long-term crops begin yielding.
Officials said this holistic approach is designed to not only develop land but also drive sustained economic upliftment among tribal communities.
Unlike other states that have limited their efforts to issuing RoFR (Recognition of Forest Rights) Act titles, Telangana becomes the first in the country to introduce a dedicated irrigation and livelihood enhancement scheme tailored to the RoFR Act beneficiaries.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Xu hướng tủ lạnh 2025: cập nhật mẫu mới, công nghệ hiện đại, giá hợp lý cho gia đình Việt
southermore
Undo
The scheme targets comprehensive development of six lakh acres of both RoFR and non-RoFR forest lands, with off-grid solar pump-based irrigation systems at its core. At the district level, collectors will serve as the implementing authorities and will finalise necessary permissions in consultation with the in-charge ministers concerned.
Project monitoring units will be set up in every district to oversee execution.
In ITDA districts, PMUs will function under the project officer, ITDA, while in non-ITDA areas, officials such as the district tribal development officer will be designated to lead the initiative.
According to the govt, although the former UPA govt introduced the RoFR Act in 2006 and allotted around 6.69 lakh acres to tribal farmers in Telangana, successive govts over the last decade have failed to implement effective schemes for irrigation and farming support.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
28 minutes ago
- Time of India
Master Trust seeks SEBI nod for launching mutual fund business
Master Trust , a leading broking and investment platform , has applied to the Securities and Exchange Board of India (SEBI) for a mutual fund license through its flagship company, Master Capital Services Limited. The company seeks to act as the sponsor of an asset management company that will, upon SEBI 's approval, launch mutual fund schemes. This evolution marks a major leap towards Master Trust's objective of increasing access to professionally managed investment products. The Master Trust group has established a strong footprint in equities, commodities, derivatives, and wealth management, according to a press release. Also Read | Defence sector based MFs rally up to 60% in 3 months. Will the momentum continue? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo The mutual fund business will introduce a broad basket of mutual fund equity schemes across various market capitalization, including a multi-asset scheme. The mutual fund will focus on quantitative techniques for fund management as well as a traditional bottom-up approach to generate superior risk-adjusted returns. These schemes are intended to address the changing financial objectives of both retail and institutional investors. The design of the products will focus on simplicity, affordability, and long-term value creation in the spirit of Master Trust's investor-first approach Live Events With over 4.2 lakh investors across its client base, Master Trust has continued to deliver transparent, research-driven financial products underpinned by sound digital infrastructure, the release said. India's mutual fund sector has come to a new stage of growth, with assets under management crossing Rs 70 trillion. Against this background, Master Trust's foray into the segment is well timed to cater to the increasing appetite for mutual funds as the primary vehicle of investment. Also Read | Top 10 mutual funds to invest in July 2025 With the advantage of having decades of experience in financial services and a technology-based approach, the mutual fund business is poised to add to the existing bouquet of investment services of the firm. Master Trust is one of the Leading Financial Services Groups with an experience of more than 40 years. It provides a broad range of financial products and services to individuals and corporations. The company offers investors and traders the best user interface and experience nationwide and has grown to an advanced level by providing an online presence of its products and services to its audience.
Time of India
31 minutes ago
- Time of India
Nykaa block deal: Founders offload shares worth Rs 1,200 crore; stock falls 4.5%
Representative image Shares of FSN E-Commerce Ventures, the parent firm of beauty and fashion retailer Nykaa, fell by up to 4.5 per cent on Thursday, hitting a low of Rs 202.25 on the BSE , after around six crore shares exchanged hands in a large block deal. According to ET, this transaction accounted for roughly 2.3 per cent of the company's total equity. The decline followed reports that early investors Harindarpal Singh Banga and Indra Banga were planning to offload part of their holdings through a secondary sale valued at nearly Rs 1,200 crore. Term sheets issued ahead of the transaction indicated that around 60 million shares, or 2.1 per cent of Nykaa's equity, would be sold at a floor price of Rs 200 per share, reflecting a discount of approximately 5.5 per cent to the stock's closing price of Rs 211.59 on July 2. The deal, entirely a secondary transaction, does not involve issuing new shares, meaning the proceeds will go directly to the selling shareholders. According to ET, global investment banks Goldman Sachs (India) Securities and JP Morgan India are overseeing the sale. The trade is scheduled for execution on July 3, with settlement due the following day. A 45-day lock-in period has been placed on the sellers and their affiliates, barring any further share sales during this time. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Нов таблет с Android Pro 14 Murreice Купете сега Undo Retail investors will not be allowed to participate, and distribution in the US and Canada is limited to institutional investors under respective local regulations. Eligible buyers must also sign an investor representation letter as part of the process. The final share price will be determined through a screen-based mechanism depending on investor demand. The order books are expected to close by 7:30 am on the day of the deal, and foreign portfolio investors (FPIs) may take part, provided there is regulatory space under Indian law. This stake sale comes at a time when Nykaa is witnessing renewed interest from institutional investors amid signs of a gradual stock recovery. It also reflects a strategic monetisation by key shareholders as the company pushes to improve profitability. As per PTI, Nykaa is targeting a break-even for its loss-making fashion segment by FY26, driven by improved marketing efficiency, higher own-brand sales, and overhead leverage. The vertical reported a negative EBITDA margin of 8.3 per cent in FY25, despite generating Rs 3,800 crore in GMV. In FY25, Nykaa's profit more than doubled to Rs 66.08 crore from Rs 32.26 crore the previous year. Revenue rose by 24.4 per cent to Rs 7,949.82 crore. The customer base also grew by 28 per cent year-on-year to over 42 million, while its total GMV reached Rs 15,604 crore. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
an hour ago
- Time of India
Indore's Helen Keller: Gurdeep Kaur, who can't see, hear, or speak, makes history with govt job; joins Income Tax dept
NEW DELHI: Gurdeep Kaur Vasu, widely known as 'Indore's Helen Keller', cannot speak, hear, or see, but these multiple disabilities have never stopped her from dreaming big. Driven by immense determination and courage, the 34-year-old has now achieved her goal of joining government service. After years of navigating social, academic, and bureaucratic challenges, Gurdeep has been appointed to Madhya Pradesh's Commercial Tax Department, making her possibly the first woman in India with speech, hearing, and visual impairments to secure a government job, according to social activists. Her family beams with pride, and her department praises her dedication. Gurdeep communicates using Tactile Sign Language, a method involving pressing hands and fingers to convey messages. Having studied up to class 12, Gurdeep has been posted as a Class IV employee at a Commercial Tax Department office in Indore. She was selected under a special recruitment drive for persons with disabilities, particularly under the "multiple disabilities" category, officials said on Wednesday. 'Gurdeep is learning her work with full dedication. She arrives at the office on time,' said Sapna Pankaj Solanki, additional commissioner in the department, told news agency PTI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Getting emotional while recalling her daughter's achievement, Gurdeep's mother, Manjit Kaur Vasu, said, 'Gurdeep is the first member of our family to get a government job. I never imagined she would reach this position. Today, people know me more as Gurdeep's mother than by my own name.' Manjit recalled that Gurdeep was born prematurely and had to be hospitalized for nearly two months. The family realized something was wrong when, even at five months old, she showed no response to sound, touch, or movement. It was then they discovered she could neither speak, hear, nor see. Gurdeep's success has brought immense joy to disability rights activists. 'This is the first time in the country that a woman with speech, hearing, and visual disabilities has joined government service. It's a historic and inspiring moment for the entire Divyang community,' said Gyanendra Purohit, a social justice activist. Purohit pointed out that while the Rights of Persons with Disabilities Act, 2016 provides for reservation in government jobs for people with various disabilities, including speech, hearing, and visual impairments, actual implementation remains a significant challenge. 'People like Gurdeep prove that disability is not inability. They can do everything, they just need an opportunity,' he added. Monica Purohit, a sign language expert and one of Gurdeep's teachers, explained that Gurdeep uses Tactile Sign Language to interact, gently pressing the hands and fingers of the person she is communicating with. Overflowing with joy after getting the job, Gurdeep expressed herself in sign language by spreading her hands wide: 'I am very, very happy,' she said.
