Mr. Y.S. Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh, on the 1st of June, Thursday, disbursed the first tranche of YSR Rythu Bharosa PM Kisan Yojana scheme.
The amount was disbursed directly into the account of farmers at an event at Pathikonda in Kurnool district, Andhra Pradesh. During an event, Mr. Y.S. Jagan Mohan Reddy disbursed an amount of Rs. 3,923.22 crores. Getting into the details, launched by the Yuvajana Sramika Rythu Congress Party (YSRCP,) the eligible farmer beneficiaries would get an amount of Rs. 7,500.
Besides the scheme amount, the Y.S. Jagan Mohan Reddy led YSRCP Government also disbursed the input subsidy of Rs. 53.62 crore to 51,000 farmers who lost their crops due to untimely rains in the months of March, April and May.
Speaking on the occasion, Mr. Y.S. Jagan Mohan Reddy said that they had fulfilled the promise of assisting the farmers. He then saluted the farmers for the love and compassion they are showing on him.
Mr. Y.S. Jagan Mohan Reddy said that his government firmly believes that the State would prosper only when the farmers lead a happy life. He said, “We are releasing the first tranche of funds into the accounts of 52,30,939 farmers.”
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