Hyderabad: Chief Minister A. Revanth Reddy announced that the state government would deposit the Rythu Bharosa funds post-Sankranti. Speaking from his residence in Hyderabad on Sunday, he urged farmers not to heed the Opposition's doubts, likening the commitment to the "Sonia Gandhi guarantee." He mentioned that a sub-committee led by Deputy Chief Minister Mallu Bhatti Vikramarka would finalise the guidelines for the Rythu Bharosa scheme. "Just as we waived farm loans, we will proceed with implementing Rythu Bharosa," he stated.
Reddy criticised the previous administration under K. Chandrashekar Rao for leaving the state with a debt of Rs 7 lakh crore. He pointed out that neither Rao, nor former finance ministers Harish Rao or Etala Rajendar had revealed such a significant debt burden. Upon taking office, the Congress government issued White Papers to clarify the financial situation to the public. Reddy also highlighted that the government is currently paying Rs 6,500 crore monthly towards interest. Additionally, he noted that they had cleared the pending Rythu Bandhu payments amounting to Rs 7,625 crore and had waived farm loans totalling Rs 21,000 crore for 25.35 lakh farmers.
