Andhra Pradesh Chief Minister YS Jagan Mohan Reddy will launch the ‘YSR Rythu Bharosa’ scheme in Nellore district. On Tuesday Morning, CM Jagan started this scheme at a program held in the Sarvepalli constituency of Sri Potti Sriramulu Nellore district at the campus of Vikrama Simhapuri University in Kakutur village. CM YS Jagan paid homage to Abdul Kalam at the inauguration of the Farmers Assurance Scheme. Earlier, he paid homage to the great leader, Late YS Rajasekhar Reddy.
Chief Minister Y.S. Jagan Mohan Reddy said on Thursday that the scheme which would come into effect from October 15, will cost the state exchequer Rs 13,125 crore. Jagan, as the Chief Minister is popularly known, took the decision at a review meeting on agriculture with top officials. He said though the scheme supposed to come into force from May next year, he has decided to implement it from October 15 this year.
The farmers will get 13,500 as investment assistance. 2,000 has already given to the farmers in June. They will provide another 9,500 to farmers in October and 2,000 on Sankranti. An agreement has already made with the banks to provide this amount to the farmers rather than clearing the old debts.
Under this scheme, families of SC, ST, BC and Minority sections will get 67,500 at a time for five years. Jagan also announced the formation of an Agriculture Commission to bring reforms in the farm sector. The Commission will comprise experts from the agriculture sector. He also directed the officials to set up a Calamity Fund with Rs 2,000 crore.