The state government of Telangana has launched an insurance scheme named Rythu Bandhu Bheema scheme for the farmers of the state. Rythu Bandhu Life Insurance Bonds Scheme is expected to benefit 2.8 million farmers and their families. Rythu Bandhu Bheema scheme will cover only land owners who received monetary assistance of Rs.4,000 from the state government to bear farming costs under the “Rythu Bandhu” programme earlier this year.
This is the first kind of insurance scheme which will provide amount of Rs. 5 Lakh to the beneficiaries farmers in the case of death whether death is natural or accidental. The state government of Telangana has launched Rythu Bandhu Bheema scheme as ahead of 2019 assembly and Lok Sabha elections but the real cultivators- landless tenant farmers, agriculture labourers who are considered to be most prone to distress among farming communities are not covered under this scheme.
The Telangana Rashtra Samiti (TRS) led state government entered into a Memorandum of Understanding (MoU) with LIC to implement Rythu Bandhu Life Insurance Bonds Scheme. Most of the bonds under this scheme are expected to be given to the farmers by 15 September 2018.
Details of Rythu Bandhu Life Insurance Bonds Scheme
To take the benefit of this scheme the farmers are advised to go through the details and the highlights which are given below.
- This is the first kind of scheme in which the farmers will get insurance amount in the case of death either natural or accidental.
- The government has set up a fast procedure to give success to this scheme as the amount will be given to the farmers’s family within 10 days.
- The insurance papers will be distributed from 15th August.
- The state government of Telangana has notified that a sum of Rs. 650 crore will be invested for this scheme.
- Mostly the bonds will be given to the farmers by 15 September.
Rythu Bandhu Bheema Eligibility Criteria
The farmers who want to take the benefit of this scheme must fall in the eligibility criteria which is given below.
- The farmers who own agriculture land registered their names are eligible for this scheme.
- The age of the farmers must be between 18 to 60 years.
- Farmers who don’t possess land documents, landless tenant farmers and agricultural labourers are not covered under this scheme.
- For farmers whose ages are printed as above 60 years as per the documents, even though it is not the case, the insurance scheme is not applicable.
- According to Telangana Chief Minister K Chandrashekar Rao, the tenant farmers are not included in the scheme because they cannot be verified and they have no rights over the lands.
Earlier this May, Chief Minister K. Chandrashekar Rao launched a farmers’ investment support scheme – Rythu Bandhu scheme – under which the state government started providing investment support of Rs. 4,000 per acre, per season, for every farmer. Although tenant farmers’ groups held numerous protests demanding the government to include them under the scheme, they were denied the benefits of the scheme.