Chief minister YS Jagan Mohan Reddy on Tuesday credited Rs 128.47 crore directly into the accounts of 6,27,906 farmers under YSR Zero-Interest Crop Loan Scheme for 2019-20 Rabi season.
The loans were paid to those who availed loans up to Rs 1 lakh in the previous season and repaid them in the stipulated time.
Since the government came to power in June 2019, a total of Rs 1,132 crore was paid to 61,22,585 farmers under the zero-interest subsidy scheme. He urged the farmers to get enrolled under the e-crop Database for availing interest subvention from June 2021.
The chief minister said that the government has been providing nine hours of free electricity to the farmers during the day benefiting over 18.78 lakh farmers by spending Rs 8,800 crore annually. Through this scheme, each farmer will be saving a minimum of Rs 46,000 every year. The has completed the capacity building of feeders to provide free power to farmers with a cost of Rs 1,700 crore.