AP YSR Sunna Vaddi Punta Runlu Scheme 2021 has been launched by the Government of Andhra Pradesh. In this zero interest crop loan scheme, Govt. Will provide interest subsidy on loans for crops. The scheme is a part of the YSR Sunna Vaddi Pathkam Scheme launched earlier for women SHGs. In that particular scheme, A.P. Govt. Reimbursed the interest paid by SHG on outstanding bank loans up to Rs. 3 lakhs. This initiative strengthened the confidence of women to undertake a more productive activity for socio-economic development. In this article, we will tell you about the complete details of YSR Sunna Wadi Yojana.
AP YSR Sunna Vaddi Punta Runlu Scheme 2021
On 20 April 2021 CM YS Jagan Mohan Reddy paid Rs. 128.47 crore interest subsidy for the Rabi season loans across the state under the interest-free crop loan scheme. Approximately 6,27,906 farmers are going to benefit from AP YSR Sunna Vaddi Punta Runlu scheme. So far, the state government. Has issued an interest subsidy of Rs. 1,132.54 crore to farmers under Zero Interest Crop Loan Scheme. The AP government has provided subsidy to 6.27 lakh farmers who have paid Rs. 1 lakh during 2019-20 Rabi season and repaid within one year.
Zero interest crop loan scheme for farmers
The YSR Sunna Vaddi Penta Ranalu Yojana is a zero-interest crop loan scheme for farmers. In this scheme, the State Govt. Reimburses all outstanding crop loans to farmers who repay it on time. Accordingly, AP State Govt. Has now issued an interest grant for crop loans taken during the Rabi 2019-20 season.
Chief Minister’s announcement for the welfare of farmers
It was decided to apply the Zero Interest Crop Loan Scheme only to those farmers who were initially registered in e-crop. However, only 2,50,550 farmers were registered in the e-crop. Out of all the remaining farmers, CM Jagan now generously implemented the scheme for all those who find bankers eligible and pay interest subsidy.
YSR Rayathu Bharosa Scheme to Benefit Farmers
In the first launched YSR Rayathu Bharosa, around 50 lakh farmer families have benefitted. CM Jagan mentioned that unlike the Rs 12,500 per year given for four years under the scheme in the manifesto, the AP government is paying Rs. 13,500 per year for five years to farmers and already the scheme is implemented twice.
CM YS Jagan also criticized the previous TDP government because the farmers had been neglected by the previous government. TDP Govt. Not only did it fail to implement the agricultural loan waiver scheme, it also failed to pay interest subsidy for interest-free loans. The CM noted that “assuming that their agricultural loans would be forgiven, many farmers failed to repay their loans and with this, the government failed to keep its promise, the farmers suffered.” But now the state government has started YSR Sunna Vaddi Puntu Ranlal Yojana for the welfare of farmers.
Farm loan interest subsidy is outstanding
For the welfare of farmers in Andhra Pradesh, the previous government’s agricultural loan interest subsidy dues amounted to Rs. Withdrawal of Rs 1,180.66 crore by AP government. state government. In the same season the input was paying subsidy for crop losses. CM YS Jagan said that 60 percent of the world’s population is dependent on agriculture. He said that the welfare of farmers and farm laborers was the objective of the government.
He said that the dues left by the previous government were also repaid. “We are providing quality electricity for free to the farmers,” Jagan said. CM YS Jagan said that another installment of the Rayathu Bharsa scheme would be provided next month. It is a known fact that the zero interest crop loan scheme is applicable to all those farmers who take a crop loan of up to Rs 1 lakh and repay the loan within a year. The CM assured that no eligible farmer will be deprived of the benefits of any scheme. Farmers who had missed opportunities to avail the schemes despite being eligible, can now contact the Rayathu Bharo centers to get the chariots rectified (if any). A 1-week special campaign was launched to ensure that those who missed the opportunity to avail various schemes on the basis of their eligibility.
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