Andhra Pradesh Government Releases Rs 2000 Crore Financial Aid for Farmers

The Andhra Pradesh Government announced the second round of financial aid to farmers. A total amount of Rs 2,190 crore has been credited to their accounts under three schemes - YSR Rythu Bharosa, YSR Sunna Vaddi crop loans, and YSR Yantra Seva. 

CM Jagan Mohan Reddy, on this occasion said, "Andhra Pradesh farmers used to be so burdened that farmer suicides were so prevalent during that time. However, now the state has flourished into an example of farmer welfare, that even other states are replicating AP’s farmers' welfare schemes”.  

Rythu Bharosa Scheme: 

This scheme is also known as the PM Kisan Scheme, it intends to extend financial assistance of Rs 13,500 per year to eligible farmers in three installments. The Andra Pradesh Government has disbursed Rs 18,777 crore in two years to the state's farmers through this scheme so far. 

This includes the latest tranche of Rs 2,052 crore distributed to 50.37 lakh farmers.

YSR Sunna Vaddi Crop Loans Scheme: 

It is the zero-interest crop loan scheme, Rs 112.7 crore has been released to 6.67 lakh beneficiaries. The scheme is aimed at providing timely loans at 'zero' interest to farmers who can then use it to invest in crops. 

This scheme is aimed to reduce the dependence of farmers on private money lenders who give out loans at high-interest rates. 

The Andhra Pradesh government has also assigned 9,160 banking correspondents as part of this scheme. Another 1,618 banking correspondents are to be deployed in the coming weeks. 

According to the state government, farmers in Andhra Pradesh are also being encouraged to register their produce under E-Crop to avail services such as YSR free crop insurance, YSR Sunna Vaddi and minimum support price (MSP). 

YSR Yantra Seva Scheme: 

The Yantra Seva Padhakam scheme is designed to help farmers by provide agricultural machines on rent through community hiring centers (CHCs). A total of 10,750 CHCs have been established for this purpose at a cost of Rs 2,134 crore. 

The State Government is also setting up 1,035 CHC clusters with combine harvesters in Krishna, Guntur, and the two Godavari districts. These are districts with high paddy cultivation. 

CM YS Jagan Mohan Reddy virtually deposited Rs 25.55 crore in the accounts of 1,720 farmers' groups under this scheme.