CM credits first tranche of input assistance to farmers under Rythu Bharosa scheme

Chief Minister Y.S. Jagan Mohan Reddy on Thursday launched the first tranche of input subsidy to farmers under YSR Rythu Bharosa-PM Kisan scheme for the third consecutive yr, by crediting almost ₹3,929 crore into the financial institution accounts of 52.38 lakh farmers (₹7,500 per head).

On the event, Mr. Jagan Mohan Reddy stated the federal government has up to now spent ₹17,029 crore on the Rythu Bharosa scheme. In the final 23 months, it credited ₹89,000 crore into the financial institution accounts of beneficiaries of numerous schemes whereas grappling with the Covid, which dealt a extreme blow to the economic system.

The Chief Minister asserted that Andhra Pradesh was the one State which is extending an input subsidy of ₹13,500 to farmers, together with the tenant farmers and peasants cultivating forests and assigned lands, under the Rythu Bharosa.

He additional stated the federal government had spent ₹1,261 crore on YSR Zero Interest Crop Loan scheme benefiting over 67 lakh farmers, and disbursed ₹1,968 crore to 15.67 lakh farmers under YSR Free Crop Insurance scheme.

Besides, a sum of ₹1,038 crore was given as input subsidy for these farmers who misplaced their crops throughout pure calamities. The authorities incurred an expenditure of ₹23,100-plus crore on the procurement of paddy and different crops.

The Chief Minister stated that ₹2,000 crore can be credited into the accounts of 38 lakh farmers on May 25 under the YSR Free Crop Insurance scheme for 2021-22.

Agriculture Minister Kursala Kannababu, MP V. Balashowry, Special Chief Secretary (agriculture) Poonam Malakondaiah, Commissioners H. Arun Kumar (agriculture), P.S. Pradyumna (advertising and marketing) and K. Kanna Babu (fisheries), agriculture adviser Ambati Krishna Reddy and others have been current.