Vijayawada, Dec 29 (UNI) Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Tuesday released the third tranche of ‘YSR Rythu Bharosa - PM Kisan’ of about Rs.1120 Crore along with the compensation of Rs.646 Crore for crops damaged during the Nivar cyclone, supporting 8.34 lakh farmers. A total of Rs 1,766 crore as deposited in the farmers' bank accounts with a single click.
Speaking on this occasion, the Chief Minister said that the State government had spent Rs.61,400 Crore towards farmers welfare in the last 18 months adding that he believes that the State would be better if the farmer is happy and doing well.
He said that the State government provided Rs.13,101 crore under YSR Rythu Bharosa-PM Kisan by giving Rs.13,500 every year to 51.59 lakh farmers, even including the tenant farmers and those cultivating the forest lands.