CM credits first tranche of input assistance to farmers under Rythu Bharosa scheme

Chief Minister Y.S. Jagan Mohan Reddy said the government has so far spent ₹17,029 crore on the Rythu Bharosa scheme.

Chief Minister Y.S. Jagan Mohan Reddy on Thursday released the first tranche of input subsidy to farmers under YSR Rythu Bharosa-PM Kisan scheme for the third consecutive year, by crediting nearly ₹3,929 crore into the bank accounts of 52.38 lakh farmers (₹7,500 per head). On the occasion, Mr. Jagan Mohan Reddy said the government has so far spent ₹17,029 crore on the Rythu Bharosa scheme. In the last 23 months, it credited ₹89,000 crore into the bank accounts of beneficiaries of various schemes while grappling with the Covid, which dealt a severe blow to the economy. The Chief Minister asserted that Andhra Pradesh was the only State which is extending an input subsidy of ₹13,500 to farmers, including the tenant farmers and peasants cultivating forests and assigned lands, under the Rythu Bharosa.