Rs 140.07 Crores Credited Under Rythu Bharosa Scheme to Support 1.35 Lakh Farmers in Jogulamba Gadwal
Gadwal: District Collector B.M. Santosh announced that financial aid amounting to ₹140.07 crores has been directly deposited into the bank accounts of small and marginal farmers across Jogulamba Gadwal district under the Rythu Bharosa (Farmer Investment Support) Scheme, ahead of the upcoming Vanakalam (Kharif) crop season.
In an official statement, the Collector emphasized that the scheme, being implemented by the state government with the goal of farmer welfare and development, is significantly reducing the investment burden on farmers. As of Thursday evening (June 19, 2025), financial assistance has been disbursed to 1,35,024 farmers owning up to four acres of land.
'This timely deposit enables farmers to procure seeds, fertilizers, and pay labor charges without delay,' the Collector stated, underlining the importance of early support in ensuring smooth agricultural operations.
The process involved accurate registration of farmers' bank account details and land information on the Rythu Bharosa portal by officials from the Agriculture Extension Department. The funds were released to eligible farmers based on this verified data. He assured that the remaining farmers will also receive the financial assistance soon.
Collector Santosh highlighted that this scheme is not only providing economic relief but also enhancing mental stability among farmers. 'Providing assistance before the sowing season prevents farmers from falling into the trap of debts and allows them to begin cultivation with confidence,' he added.
The Collector affirmed that the government's support extends to every acre of cultivable land, reflecting its commitment to stand by the farmers at every step. 'This is more than just a financial transaction — it is a testament to the trust and dedication the government holds toward our farmers,' he remarked.
The Rythu Bharosa Scheme is increasingly being seen as a transformative initiative, aiming to boost agricultural productivity and empower rural communities by ensuring that small and marginal farmers receive necessary input support right when it is needed the most.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
10 hours ago
- India.com
Torrent Pharma To Buy Controlling 46.39% Stake In JB Chemicals For Rs 25,689 Crore
New Delhi: Torrent Pharmaceuticals, the flagship company of the Torrent Group, on Sunday announced to buy a controlling 46.39 per cent stake in JB Chemicals and Pharmaceuticals from global investment firm KKR at an equity valuation of Rs 25,689 crore. After the acquisition, Torrent plans to merge JB Chemicals with itself. "The transaction marks a significant step in Torrent's ambition to create a future-ready, diversified healthcare platform combining a deep chronic segment heritage with emerging international CDMO capabilities," said JB Chemicals and Pharmaceuticals Limited in an exchange filing. The transaction will be executed in 2 phases. The first phase includes the acquisition of 46.39 per cent equity stake (on a fully diluted basis) through a Share Purchase Agreement (SPA) at a consideration of Rs 11,917 crores, followed by a mandatory open offer to acquire up to 26 per cent of JB Pharma shares from public shareholders at an open offer price of Rs 1,639.18 per share. In addition to the above, Torrent has also expressed its intent to acquire up to 2.80 per cent of equity shares from certain employees of JB Pharma at the same price per share as KKR. The second phase includes 'merger between Torrent and JB Pharma through a scheme of arrangement'. As per the approval given by the Board of Directors of both companies, upon merger of JB Pharma with Torrent, every shareholder holding 100 shares in JB Pharma will receive 51 shares of Torrent, the exchange filing read. 'We are pleased to have on board the JB Pharma heritage and build on the platform for the future. Torrent's deep India presence and JB Pharma's fast growing India business, combined with the CDMO and international footprint offers immense potential to scale both revenue and profitability,' said Samir Mehta Executive chairman, Torrent This strategic alignment furthers our goal of strengthening our presence in the Indian pharma market, and build a larger diversified global presence. Moreover, the CDMO platform provides a new long-term avenue of growth for Torrent,' he mentioned. According to Gaurav Trehan, Co-Head of Asia Pacific and Head of Asia Pacific Private Equity, KKR, and CEO of KKR India, JB Pharma's transformation under their stewardship is a testament to KKR's ability to scale high-quality companies. 'We are proud to have collaborated with JB Pharma's management team, led by Nikhil Chopra, to bring the breadth of KKR's global experience and operational expertise to support the company's organic and inorganic growth, and help JB Pharma become one of India's fastest growing branded pharmaceutical companies,' he noted. Both the SPA and Scheme are subject to standard requisite statutory and regulatory approvals, including from Securities and Exchange Board of India (SEBI), Stock Exchanges, the Competition Commission of India (CCI), National Company Law Tribunal (NCLT), and other approvals, as applicable. 'As we now enter a new chapter alongside Torrent Pharmaceuticals, we are confident that the combined strengths of our organisations will unlock greater opportunities to enhance healthcare access across our markets,' said Nikhil Chopra, Chief Executive Officer and Whole Time Director of JB Pharma.
Hindustan Times
12 hours ago
- Hindustan Times
BJP has betrayed farmers: Kumari Selja
Ludhiana district's Direct Seeded Rice cultivation surged to 4,000 acres this Kharif season, doubling last year's area. The method saves water, reduces labor costs, aids groundwater recharge, and potentially increases wheat yield by avoiding traditional puddling techniques.
Time of India
20 hours ago
- Time of India
Kharif '25: NTR district targets 1 lakh hectares
Vijayawada: Anticipating abundant rains from the South-West monsoon, the Agriculture Department in NTR district has set an ambitious target to cultivate over one lakh hectares during the Kharif 2025 season. Tired of too many ads? go ad free now This is an increase from the average cultivation area of 94,931 hectares during a regular Kharif season in the district. According to the Kharif 2025 action plan prepared by the NTR district agriculture authorities, the department aims to achieve paddy cultivation— the major crop during the Kharif season—on 50,600 hectares, compared to the regular 48,167 hectares. Paddy accounts for the highest cultivation area among all crops. Paddy is followed by cotton, with the agriculture department targeting 38,500 hectares of cultivation against the usual 36,254 hectares for the upcoming Kharif season in NTR district. The overall cultivation area for food grain crops such as paddy, sorghum, maize, red gram, and others has been set at 61,197 hectares, up from 58,169 hectares in the district. Meanwhile, oilseed cultivation is planned to cover 87 hectares, which is 17 hectares more than the regular area.
