51.59 lakh farmers to benefit; 8.34 lakh get relief for damage to cropsChief Minister Y.S. Jagan Mohan Reddy on Tuesday released the third tranche of ‘YSR Rythu Bharosa-PM Kisan’ of ₹1,120 crore benefiting 51.59 lakh farmers along with the compensation of ₹646 crore for crop damage during the Nivar cyclone supporting 8.34 lakh farmers. Speaking on the occasion, Mr. Jagan said the State government had spent ₹61,400 crore towards farmers’ welfare in the last 18 months. The government was committed to safeguarding the farmers’ interests and thus provided ₹13,101 crore under YSR Rythu Bharosa-PM Kisan by giving ₹13,500 every year to 51.59 lakh farmers. The previous TDP government had left a huge pile of debts of farmers including subsidy for crops, seeds, insurance, electricity arrears, and zero-interest loans.

Source: The Hindu December 30, 2020 01:10 UTC