Live: CM YS Jagan releases funds under Rythu Bharosa

Kurnool: CM YS Jagan Mohan Reddy fulfilled his commitment to supporting farmers by disbursing the first tranche of funds under the YSR Rythu Bharosa-PM Kisan Yojana scheme. The event took place in Pathikonda, Kurnool, where an amount of Rs. 3,923.22 crores was credited to the bank accounts of 52,30,939 farmers at the rate of Rs. 7,500 per farmer. In addition, Chief Minister YS Jagan Mohan Reddy also provided an input subsidy amounting to Rs. 53.62 crore to 51,000 farmers who suffered crop losses due to unprecedented rains in March, April, and May. The disbursement of funds and subsidies was executed through a button-pressing mechanism during the organized program. He highlighted the government's unwavering commitment to the agricultural sector and reiterated their aim to ensure farmers lead a contented life. Over the course of four years, the YSRCP government has provided a substantial amount of Rs. 61,500 to each farmer, benefitting them immensely. Furthermore, Chief Minister YS Jagan Mohan Reddy emphasized the government's efforts in mitigating the impact of untimely rains on farmers' livelihoods by promptly compensating them for their losses. He also highlighted the positive impact of consistent rainfall in the past three years, resulting in a significant reduction in migration to other states for employment opportunities. CM YS Jagan expressed confidence in the government's consistent procurement of grains and its commitment to supporting farmers.