Vijayawada: Andhra Pradesh Chief Minister YS Jagan Mohan Reddy released the third tranche of YSR Rythu Bharosa- PM Kisan for the third consecutive year, by crediting Rs 1,036 crore into the accounts of 50.58 lakh farmers at camp office here on Monday.
As part of the scheme, the state government has been crediting the amount in three installments to suit the farmers’ needs where Rs 7,500 will be deposited in May ( khariff) and Rs 4,000 will be credited in October ( rabi) while Rs 2,000 will be given in the month of January during Sankranti aggregating to Rs 13,500 per annum.
Although it was promised to provide Rs 12,500 annually during elections, the amount has been increased to Rs 13,500 annually.
Agriculture Minister Kurasala Kannababu, AP Agri Mission Vice Chairman MVS Nagi Reddy, Agriculture Special Chief Secretary Poonam Malakondaiah, Agriculture Commissioner H Arun Kumar and other officials were present on the occasion.
