Rythu Bharosa scheme: Andhra CM distributed Rs 1,115 crore to 50.47 lakh farmers.

The Andhra Pradesh government released the second installment of Rs 1,115 crore under the Rythu Bharosa scheme. This fund was released by Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy on October 28, 2020. The fund released under the scheme would benefit 50 lakh farmers across the state.

Highlights

  • Under the second phase of the scheme,  Rs 4,000  would directly be credited into the bank accounts of each of the 50.47 lakh farmers.
  • In the first phase of the scheme, around Rs 1,115 crore has been directly credited to around 50.47 lakh farmers. This also include Rs 11,500 each to the state’s ROFR patta holders.
  • The first installment of Rs 6,173 crore was disbursed in May.
  • In the first phase, as many as 49.69 lakh farmers were benefited.
  • The government gave Rs 7,500 to each farmer during the first phase of the scheme.
  • Apart from the second installment, the YSR government has also released input subsidies worth Rs 136 crore to 1.6 lakh farmers as compensation or crop loss because of heavy rains recently.

Rythu Bharosa scheme.

It is a welfare scheme for farmers. Under this scheme, the government provides financial assistance of Rs 13,500 to the farmers every year. Rs 13,500 aid also include Rs 6,000 per year as a component of the Centre’s PM Kisan scheme. The state government has been providing Rs 13,500 to all tenant farmers and those cultivating forest and assigned lands. The government deposits the aid in farmer’s account in three installments. The first installment of Rs 7,500 is credited to the bank accounts of the beneficiaries in May 2020. The second installment of Rs 4000 is deposited in the accounts of the beneficiaries now while, the third and last installment of Rs 2,000 will be given to the farmers in January 2021.