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AP CM releases Rs 1,294 Cr for Rythu Bharosa, interest subvention

AP CM releases Rs 1,294 Cr for Rythu Bharosa, interest subvention

Vijayawada, Feb 28 (UNI) Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Wednesday released Rs 1294.34 crore towards the third tranche of ‘YSR Rythu Bharosa–PM Kisan’ for the fifth year and interest subvention for the fourth year in a row under ‘YSR Sunna Vaddi Panta Runalu’.
Releasing the amount with the click of a button at the Camp Office here, the Chief Minister stated that the State welfare depends on farmers’ welfare and keeping that in mind, the Government has taken several steps for the welfare of farmers in the last 57months.
“Out of the Rs 1294.34 crore released, Rs 1078.36 crore is meant for Rythu Bharosa under which 53.58 lakh farmers will receive Rs 2000 each directly into their bank accounts while 10,78,615 farmers will receive Rs 215.98 crore towards interest subvention for timely repayment of interest on crop loans taken during the Rabi 2021 and Kharif 2022 seasons,” he informed.

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Smuggled Wildlife Species seized, two arrested

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