Vijayawada, Apr 20 (UNI) Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Tuesday credited Rs 128.47 crore directly into the accounts of 6,27,906 farmers under 'YSR Zero-Interest Crop Loan Scheme' for 2019-20 Rabi season benefiting those who availed loans up to Rs one lakh and repaid them in the stipulated time.
Addressing the beneficiaries and officials through video conference, the Chief Minister said that since the government came to power in June 2019, a total of Rs 1,132 crore had been paid to 61,22,585 under the zero-interest subsidy scheme. He urged the farmers to get enrolled under the e-crop database for availing interest subvention from June 2021.
The Chief Minister said that the government has been providing nine-hour free electricity to the farmers during day time benefiting over 18.78 lakh farmers by spending Rs.8,800 crore annually. 'Through this scheme, each farmer will be saving a minimum of Rs 46,000 every year. The State government has completed the capacity building of feeders to provide free power to farmers with a cost of Rs 1,700 crores,' he informed.