Telangana gets ₹300 crore palm oil facility, inaugurated by CM Revanth Reddy.

Telangana Chief Minister A. Revanth Reddy recently inaugurated a palm oil processing factory in Narmetta in Siddhipet district, marking a major step in the state’s push to boost oil palm cultivation and processing capacity.

The facility, built with an investment of ₹300 crore by the state government, has the capacity to process 30 tonnes of fresh oil palm fruit bunches per hour, officials said.

On the occasion, the Chief Minister also released the first tranche of ₹3,447 crore under the Rythu Bharosa scheme, which provides financial assistance to farmers for purchasing agricultural inputs.

The scheme is expected to benefit around 70 lakh farmers across the state. The funds will be disbursed in three tranches over a period of 45 days ahead of the upcoming agricultural season.