AP YSR Sunna Vaddi Panta Runalu Scheme 2020 | Zero Interest Crop Loan Scheme for Farmers

AP YSR Sunna Vaddi Panta Runalu Scheme 2020 launched as zero interest crop loan scheme, govt. released Rs. 510 crore interest subsidy for loans under interest-free crop loan scheme, check complete details here
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AP YSR Sunna Vaddi Panta Runalu Scheme 2020 has been launched by the Andhra Pradesh government. In this zero interest crop loan scheme, govt. will provide interest subsidy on loans for crops. This scheme is one of the part of the earlier launched YSR Sunna Vaddi Pathakam Scheme for women SHGs. In that particular scheme, the AP govt. had reimbursed the interest paid by SHGs on outstanding Bank loan up to Rs. 3 Lakhs for the FY 2019-20. This initiative reinforced the confidence of the women to take up another productive activity for their socio-economic development. In this article, we will tell you about the complete details of the YSR Sunna Vadi Scheme.

AP YSR Sunna Vaddi Panta Runalu Scheme 2020

On 17 November 2020, CM YS Jagan Mohan Reddy has released Rs. 510 crore interest subsidy for Kharif 2019 crop loans across the entire state under interest-free crop loan scheme. AP YSR Sunna Vaddi Panta Runalu Scheme is going to benefit around 14.58 lakh farmers. Andhra Pradesh govt. has also released Rs. 132 crore input subsidy for the crop losses during October 2020 due to heavy rains.

Zero Interest Crop Loan Scheme for Farmers

YSR Sunna Vaddi Panta Runalu Scheme is a zero interest crop loan scheme for farmers. In this scheme, the state govt. reimburses all the outstanding crop loans of those farmers who repay it on time. Accordingly, the AP state govt. has now released interest subsidy for crop loans taken during the Kharif 2019 season.

CM’s Announcement for Welfare of Farmers

Chief Minister YS Jagan has announced that paddy and groundnut affected due to heavy rains will be procured by the AP state government. As the Andhra Pradesh govt. has tied up with Amul, so milk procurement will commence in 3 districts namely Prakasam, Chittoor and Kadapa in the first phase from November 26. Moreover, milk procurement in other districts will be covered in the subsequent phases. For this purpose, around 9,800 bulk milk chilling units are being set up near Rythu Bharosa Kendras (RBKs).  

AP govt. has decided that crop loan insurance claims to the tune of Rs. 1,800 crore will be paid to farmers in the month of December. AP Sunna Vaddi Panta Runalu Scheme would encourage a discipline among the farmers to repay the crop loans in time so as to avail the interest subsidy. Earlier, there was no such encouragement for farmers to repay their loans on time.

YSR Rythu Bharosa Scheme to Benefit Farmers

In the previously launched YSR Rythu Bharosa, around 50 lakh farmer families have benefited. CM Jagan mentioned that as against the promised Rs 12,500 per year for four years under the scheme in the manifesto, AP government is paying Rs. 13,500 per year to the farmers for five years and already the scheme was implemented twice.

CM YS Jagan even criticized the previous TDP government as farmers were neglected by the previous regime. TDP govt. not only failed in implementing farm loan waiver scheme but also failed to pay the interest subsidy for the interest-free loans. CM mentioned that “Believing that their farm loans would be waived, several farmers failed to repay their loans and with that government failing to keep its promise, the farmers suffered.” But now the state govt. has launched YSR Sunna Vaddi Panta Runalu Scheme for the welfare of farmers.

AP Zero Interest Crop Loan Scheme
AP Zero Interest Crop Loan Scheme

Farm Loan Interest Subsidy Dues Cleared 

For the welfare of farmers in Andhra Pradesh, farm loan interest subsidy dues of the previous government amounting to Rs. 1,180.66 crore were cleared by AP government. The state govt. was paying input subsidy for the crop loss in the same season. AP govt. has already credited Rs. 135.73 crore to the bank accounts of 1.66 lakh farmers, who suffered crop loss due to heavy rains and floods between June and September. Even on 17 November 2020, AP govt. is crediting Rs. 132 crore for the losses sustained by farmers in October along with crediting on interest subsidy under YSR Sunna Vaddi Panta Runalu Scheme.

Andhra Pradesh Government Schemes 2020Popular Schemes in Andhra Pradesh:Andhra Pradesh Ration Card List 2020AP Ration Card Application Forms PDF DownloadAP YSR Kapu Nestham Scheme

CM assured that no eligible farmer will be left out of any scheme benefits. Farmers who missed out opportunities to avail the schemes despite being eligible can now approach Rythu Bharosa Kendras to get the lapses rectified (if any). A 1 week special drive was taken up to ensure those who missed the opportunity to avail different schemes do so based on their eligibility.

Source / Reference Link: https://www.newindianexpress.com/states/andhra-pradesh/2020/nov/18/andhra-cm-jagan-mohan-reddy-launches-interest-free-crop-loan-scheme-2224856.html

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