CM Jagan’s Direct Cash Transfer To Farmers’ Accounts Tomorrow

AP government has given good news to farmers. As part of CM Jagan’s visit to Puttaparthi in Sri Satyasai district tomorrow, YSR Rythu Bharosa cash will be deposited in farmers’ accounts with the press of a button. The government has already completed arrangements for the distribution of the second installment of investment assistance for the financial year 2023-24. Meanwhile, this year, 52.57 lakh people received investment assistance of Rs.3,942.95 crore translating to Rs.7,500 per beneficiary. The second tranche of aid will be provided tomorrow at the latest.

Year On Year Increase In Beneficiaries

In the second phase, the AP government will deposit Rs. 2,204.77 crores in the accounts of 53.53 lakh people under YSR Rythu Bharosa. In the first phase, 52,57,263 people qualified, while in the second phase, 53,52,905 people qualified. While there were 46,69,375 beneficiaries in 2019-20, 51,59,045 in 2020-21, 52,38,517 in 2021-22 and 51,40,943 in 2022-23. Currently, there are 53,52,905 people.

A Government That Fulfilled Its Promises!

Under YSR Rythu Bharosa, 70 percent of the farmers are benefiting a lot. While 60 percent of the farmers in the state have less than 1.25 acres, farmers who have less than 2.5 acres are around 70 percent. CM Jagan assured them an amount of Rs. 13,500 per year under investment assistance. To this extent, Rythu Bharosa cash is being deposited in farmers’ accounts in three instalments. Rs. 7,500 in the first installment, Rs. 4,000 in the second installment and Rs. 2,000 in the third installment are being released directly into farmers’ bank accounts. Nowhere in the country have 99 percent of election promises been implemented. Similarly, state ministers have also stated in recent meetings that CM Jagan has implemented all the promises made in the previous elections.