Rythu Bandhu Padhakam

Introduced in 1982, as pledge finance scheme and renamed as Rythu Bandhu Pathakam in 1995. Financing against 75 % value of produce stored in godowns (ceiling Rs. 2 Lakhs per farmer, no interest upto 180 days). During 2014-15, Rs. 17.83 Crores advanced to 2423 farmers. During 2015-16, Rs. 33.43 Crores financed to 3414 farmers. following is the progress during last 3 years under the scheme

S. No

Year

No. of Farmers benefitted

Fin. (In Lakhs)

1

2013-14

2194

1533.75

2

2014-15

3145

2601.60

3

2015-16

3414

3342.66


Efforts are made to strengthen and expand Rythu Bandhu Pathakam (RBP) by covering large number of small and marginal farmers (from current number of 3400 to 5000) and to expand the range of produce (from mere Paddy to various other produce such as other cereals, millets, grams, oil seeds etc) during the current year(2016-17).

In addition to continuing the existing pattern, it is proposed to pay the interest charged by ICICI bank on loans given to Red Gram farmers against the warehouse receipts organised by Markfed. This proposal under examination at Government level.