Proposed amount in Rythu Bharosa' to be ehanced by Rs 1,000

Image
Press Trust of India Amaravati
Last Updated : Oct 14 2019 | 6:05 PM IST

On the eve of the scheduled launch of 'YSR Rythu Bharosa', a farmers' investment support scheme, the Andhra Pradesh government on Monday decided to enhance the proposed amount by Rs 1,000 and make it a total of Rs 13,500 per annum, including Rs 6,000 that comes from PM Kisan scheme.

Initially, the YSR Congress government promised to provide an annual grant of Rs 12,500 to each farmer, but later dovetailed it with the PM Kisan to lessen the financial burden on the state.

Chief Minister Y S Jagan Mohan Reddy will formally launch the Rythu Bharosa in SPS Nellore district on Tuesday.

Ahead of the event, he chaired a meeting of the AP Agriculture Mission, where representatives of farmers associations requested that the quantum of assistance be enhanced.

They also suggested that the amount be disbursed in instalments to suit the farmers requirement.

Accordingly, the Chief Minister decided to increase the grant by Rs 1,000, Agriculture Minister K Kanna Babu told reporters after the Mission meeting.

Under the scheme, the Minister said, Rs 7,500 would be given in May (for Kharif crop), Rs 4,000 in September-October (for Rabi) and Rs 2,000 during Sankranti (harvest festival).

The state government made a budgetary provision of Rs 8,750 crore for Rythu Bharosa in 2019-20.

On Sunday, the government released Rs 5,510 crore for the scheme.

Kanna Babu said 40 lakh farmers would get benefit from Rythu Bharosa.

While 43 lakh farmers were enlisted under PM Kisan, 3.5 lakh were found ineligible during vetting of data.

"Another six lakh farmers, who are actually eligible, have not been getting the PM Kisan benefit," he pointed out.

The Agriculture Minister said three lakh tenant farmers would also be given Rhthu Bharosa in the state.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 14 2019 | 6:05 PM IST

Next Story