Prime Minister YS Jagan Mohan Reddy on Thursday released the third tranche of input subsidies to farmers under the YSR Rythu Bharosa-PM Kisan program for the third year in a row by putting 3,929 crore into the bank accounts of 52.38 lakh farmers ( £ 7,500 per year) has credited head).
On the occasion, Jagan Mohan Reddy said the government had spent £ 17,029 million on the program to date.
“In the past 23 months, despite the pandemic that has dealt a severe blow to the economy, the government has deposited 89,000 crore in the bank accounts of beneficiaries of various schemes,” he noted.
The Prime Minister claimed Andhra Pradesh was the only state that gave an input grant of £ 13,500 under the program to farmers, which included tenants and farmers who cultivate forests and allocate land.
Interest-free crop loan
He said the government had spent 1,261 crore on the YSR Zero Interest Crop Loan program, which benefited more than 67 lakh farmers, and 1,968 crore to 15.67 lakh farmers under the YSR Free Crop Insurance program paid off.
A total of £ 1,038 crore was also given as an input subsidy for those farmers who lost their crops during natural disasters.
The government has spent more than £ 23,100 million on rice and other crops, he said.
Crop insurance
The Chief Minister said that on May 25, under the YSR Free Crop Insurance program for the 2021-22 period, 2,000 crore would be deposited into the accounts of 38 lakh farmers.
Agriculture Minister K. Kannababu, MP V. Balashowry, Special Chief Secretary (Agriculture) Poonam Malakondaiah, Commissioners H. Arun Kumar (Agriculture), PS Pradyumna (Marketing) and K. Kanna Babu (Fisheries) and Agriculture Advisor Ambati Krishna Reddy were present.