June 2, 2023: Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on June 1, 2023, credited Rs 5,500 financial assistance under the first tranche of YSR Rythu Bharosa-PM Kisan scheme for the fifth consecutive year at Pattikonda in Kurnool. State-led subsidy amount was credited into the bank accounts of 52.3 lakh eligible Andhra farmers.
“This government believes that the state will be prosperous only when the farmer is prosperous,” the chief minister told farmers in a video link.
Although he promised to give Rs 12,500 assistance for four years in his election manifesto, the promise has been bettered to give Rs 13,500 for five years now, added Reddy.
The Central government is likely to credit its share of Rs 2,000 this month under the 14th instalment of the PM Kisan scheme. This will raise the total amount of money for beneficiaries to Rs 7,500.
Under the YSR Rythu Bharosa-PM Kisan scheme, the state government provides Rs 13,500 financial assistance to all landless scheduled cast, scheduled tribe, backward classes and minority tenant farmers. In the past four years, the state has disbursed Rs 30,985 crore under the scheme.
A Rs 13,500 benefit under the scheme is given in three instalments every year. Typically, the first instalment of Rs 7,500 is released in May, the second of Rs 4,000 in October and the third of Rs 2,000 in January or February.
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