On 20th April 2021, YS Jagan Mohan Reddy, Chief Minister(CM) of Andhra Pradesh(AP) launched the YSR Zero Interest Crop Loan Scheme for farmers.
The government of AP has provided a financial assistance of Rs.65000 crore to the farmers under various schemes.
K Kannan Babu, the Minister of Agriculture, Poonam Malakondaiah, Special Chief Secretary and Y Madhusudana Reddy, Secretary of marketing were present during the launch.
Features of YSR Zero Interest Crop Loan Scheme:
i.Under this scheme, Rs.128.47 crore was directly credited into the bank account of around 6.27 lakh farmers who had availed a crop loan of upto Rs. 1 lakh during the 2019-2020 rabi season and repaid the amount within the stipulated time.
ii.To avail the interest subvention from June 2021, the farmers has to enroll on the e-crop database.
i.The state government is also providing an input subsidy to the farmers to cover the losses in the same crop season and has credited Rs.1055 crore to the farmers.
ii.The government has also established a market intervention fund with Rs.3000 crore and providing a minimum support price for crops to help the farmers.
Recent Related News:
On 15th December, 2020, Andhra Pradesh (AP) Chief Minister (CM) Jaganmohan Reddy launched ‘YSR Free Crop Insurance Scheme’ for farmers who have lost their crops during Kharif 2019. An amount of INR 1, 252 Crores was directly credited into the bank account of around 9.48 Lakh farmers.
About Andhra Pradesh:
National Park– Rajiv Gandhi National Park, Papikonda national park, Sri Venkateswara National Park
Wildlife Sanctuary– Kolleru wildlife sanctuary, Sri Lankamalleswara WildLife Sanctuary,
Krishna Wildlife sanctuary, Kaundinya WildLife Sanctuary, Penusila Narasimhaswamy wildlife sanctuary, Kambalakonda WildLife Sanctuary