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Rs 5400 cr supplied to Telangana banks for farmers' scheme:RBI

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Press Trust of India Hyderabad
Last Updated : Jun 04 2018 | 4:10 PM IST

The Reserve Bank of India today said they ensured cash availability to the extent of 95 per cent in Telangana for the newly launched 'Rythu Bandhu' investment support scheme for farmers.

The Telangana government under the scheme, which was launched last month, provided input costs by giving them Rs 4,000 each for every acre for two seasons in a year through specially printed cheques.

There were apprehensions that time about the availability of sufficient cash with banks.

The government allotted Rs 12,000 crore in the budget for the scheme.

"We (RBI) have already supplied Rs 5,400 crore currency which is nearly 95 per cent of the scheme.

"The feedback has been very good. We have been taking feedback both from the bank and the State Finance Department. There were no complaints of lack of cash in bank branches."

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First Published: Jun 04 2018 | 4:10 PM IST

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