STOCK MARKET BSE NSE

Jagan to release Rs 2,190 cr  under 3 schemes today

The stage is set for the disbursement of the second tranche of YSR Rythu Bharosa-PM Kisan, YSR zero interest loans and YSR Yantra Seva scheme.

Published: 26th October 2021 07:32 AM  |   Last Updated: 26th October 2021 07:32 AM   |  A+A-

YS Jagan Mohan Reddy

Andhra Pradesh CM YS Jagan Mohan Reddy (File photo | EPS)

By Express News Service

VIJAYAWADA: The stage is set for the disbursement of the second tranche of YSR Rythu Bharosa-PM Kisan, YSR zero interest loans and YSR Yantra Seva scheme. Chief Minister YS Jagan Mohan Reddy will release the amount to the bank accounts of the beneficiaries on Tuesday. 

A total Rs 2,190 crore will be credited to the accounts of beneficiaries under the three schemes. Under Rythu Bharosa (second installment), 50.37 lakh farmers will benefit (Rs 2,502 each).  Under the scheme including the amount to be credited on Tuesday, the farmers were provided Rs 18,777 crore in the last two and a half years. 

Under YSR Sunna Vaddi Crop Loans (Zero interest crop loans), Rs 112.7 crore will be provided to 6.67 lakh beneficiaries. Objective is to provide timely loans at no interest to the farmers for investing in crops and ensuring that they are not forced to depend on private money lenders. 

If the dues (Rs 1,180 crore) kept pending by the previous government and cleared by the present government are taken into consideration, besides Rs 382 crore provided under zero interest crop loan scheme and Rs 112.7 crore to be provided tomorrow, 64.96 lakh farmers have benefited with Rs 1,674 crore under the scheme. YSR Yantra Seva is community hiring centres of farm mechanisation and under the scheme 1,720 farmer groups will be provided Rs 25.55 crore. 

3 schemes 

  • Rythu Bharosa-PM Kisan — Rs 2,502 each to 50.37 lakh farmers
  • YSR Sunna Vaddi Crop Loans - Rs 112.7 crore will be provided to 6.67 lakh
  • YSR Yantra Seva - Rs 25.55 crore to 1,720 farmer groups


Comments(1)

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

  • Gnaneswar

    All the Jagan schemes are funded by the money of the people and not a single rupee from his personal wealth looted during his father's rule.
    2 months ago reply
flipboard facebook twitter whatsapp