In a big boost to farmers in India's youngest state, Telangana Chief Minister, K Chandrashekhar Rao, on Thursday launched the 'Rythu Bandhu' or crop investment support for farmers.

The state government will offer financial assistance of Rs 8,000 annually for every acre of agricultural land owned, reports Nithya Balakrishnan.

Around 58 lakh farmers and 1.30 lakh acres of land will be covered under 'Rythu Bandhu' scheme.

The Telangana government will be giving assistance of Rs 4,000/acre ahead of Rabi and Kharif seasons.

The welfare scheme to cost Telangana government Rs 12,000 in FY19.