Hyderabad, March 22 Telangana Chief Minister Revanth Reddy said on Sunday that starting today, Rs 9,000 crore under the 'Rythu Bharosa' investment support scheme will be disbursed in three installments to 70 lakh farmers within 45 days.
Addressing a rally after inaugurating an oil palm processing factory in Narmeta village in Siddipet district, Reddy said that the Congress government has been spending an average of Rs 5,500 crore on farmers' welfare, compared to Rs 2,700 crore during the previous BRS regime.
"Within 45 days from now, Rs 9,000 crore in Rythu Bharosa funds will be credited to 70 lakh farmers," he said.
The CM said that the first tranche of payment, Rs 3,600 crore, will be released tomorrow, another Rs 5,400 crore will be released in the next 20 days, and the remaining amount will be disbursed in another 20 days.
Revanth Reddy inaugurated several projects and laid foundation stones for multiple development works worth Rs 775.72 crore in Siddipet district.