AP Government Releases Third Installment of YSR Rythu Bharosa

CM Jagan’s government announced good news for farmers. Under the YSR Rythu Bharosa scheme, the third instalment of investment support will be released today. Along with this, cash under the zero-interest subsidy will be credited to the eligible farmer families who have taken loans and repaid them on time for the Rabi 2021-22 and Kharif 2022 seasons. Arrangements have been completed to credit this amount into the farmers’ accounts on Wednesday.

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AP Government Disburses Rs. 1,294.34 Crores Aid Under YSR Rythu Bharosa

CM Jagan is providing investment support of Rs. 13,500 per annum to every farmer family for four years. In line with this, two instalments totalling Rs. 11,500 have already been credited in the past five years. Under the third instalment, Rs. 2,000 each will be credited into the accounts of 53.58 lakh farmers, totalling Rs. 1,078 crores on Wednesday. Additionally, under the zero-interest subsidy, Rs. 215.78 crores will be credited into the accounts of 10.79 lakh people. Thus, a total of Rs. 1,294.34 crores of support will be credited into the accounts of 64.37 lakh eligible farmer families during an event at the camp office in Tadepalli, with CM Jagan pressing the button to transfer the funds directly into the beneficiaries’ accounts.

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Setting a Benchmark in National Agricultural Support

In line with the election promise, the YS Jagan government is providing investment support under the YSR Rythu Bharosa scheme, setting an example for the country. Uniquely in India, this scheme benefits not only farmers owning their land but also SC, ST, BC, minority, tenant farmers, and those cultivating forest, and endowment lands, offering Rs. 13,500 per annum as investment support. While the election promise was to provide Rs. 12,500 per year totalling Rs. 50,000 over five years, the noteworthy increase to Rs. 13,500 annually, totalling Rs. 67,500, marks a significant enhancement of the scheme.