Farmers Take Centerstage in 1.74 Lakh Crore Budget of Telangana

Telangana Government has put up a budget of a whopping 1,74,453 Crores for the year 2018-19. The major highlight of this budget is the allocation of 12000 Crore for the Rythu Lakshmi scheme that seeks to offer a financial help of ₹8,000 per year to each farmer.

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The Government will give ₹4,000 an acre for each farmer in the Kharif and Rabi season to take care of the expenditure on inputs. Farmers will get cheques in three phases, beginning April 19. The state government also allocated 500 Crore for insurance to farmers.

Every farmer will have an insurance cover of 5 Lakhs each. 25000 Crore is allocated to Irrigation and 522 Crore to Agriculture Machinery. Significant allocations were made to Power Sector to ensure 24X7 Power for Agriculture.