Rs. 5,000 cr. allocated for ‘Annadata Sukhibhava
Final two instalments under crop loan waiver soon: YanamalaThe State government on Tuesday announced a new scheme for the welfare of the farmers.In his vote-on-account speech, Finance Minister Yanamala Ramakrishnudu said he was allocating Rs. 5,000 crore to ‘Annadata Sukhibhava’ for this financial year.Under the crop loan waiver scheme (‘Annadata Ki Apatbandavudu’), the Finance Minister said farmers’ loan of Rs. 24,000 crore had been waived and the final two instalments would also be credited to their accounts soon.Minister for Agriculture Somireddy Chandramohan Reddy, addressing the media later, said Rs. 8,000 crore would be credited to the loan accounts of the farmers towards the fourth and fifth instalment of the loan waiver scheme.Mr. Ramakrishnudu further said that Rs. 384 crore had been credited to 2.23 lakh loan accounts of the horticulture farmers.The government enhanced the market intervention fund from Rs. 500 crore to Rs. 1,000 crore for crops that did not have Minimum Support Price, the Finance Minister said. For the first time in the country, the State government issued a ‘certificate of cultivation’ to the tenant farmers to enable them to avail institutional credit and crop insurance, farm implements and input subsidy, Mr. Ramakrishnudu said.The loan extended to the tenant farmers could thus be increased from Rs. 272 crore covering 1.34 lakh farmers in 2014-15 to Rs. 4,957 crore covering 11.06 lakh farmers in 2018-19.Drought-proofingDespite rainfall deficit of 33% in 2018-19, drought-proofing initiatives ensured that the agriculture sector grew by 15%, he said.Andhra Pradesh allocated Rs. 81,554 crore for agriculture and farmers’ welfare in the last four-and-a-half years, he added.