AP credits Rs 1,036 cr towards Rythu Bharosa

Vijayawada: ANDHRA Pradesh Chief Minister YS Jagan Mohan Reddy released the third tranche of YSR Rythu Bharosa- PM Kisan for the third consecutive year by crediting Rs1,036 crore into the accounts of 50.58 lakh farmers at his camp office near here on Monday.

As part of the scheme, the State Government has credited the amount in three installments to suit the farmers' needs where Rs 7,500 is deposited in May (kharif) and Rs 4,000 in October (rabi) while Rs.2,000 is given in January during Sankranti aggregating to Rs 13,500 per annum.

Although it was promised to provide Rs 12,500 annually during elections, the amount has been increased to Rs 13,500 annually. Minister for Agriculture Kurasala Kannababu told reporters later.

Besides Kannababu, AP Agri Mission Vice Chairman MVS Nagi Reddy, Agriculture Special Chief Secretary Poonam Malakondaiah, Agriculture Commissioner H Arun Kumar and other officials were present.