AP Agriculture Budget 2020-21 Allocations

17 Jun 2020 9:56 AM

AMARAVATI: Andhra Pradesh state agriculture minister Kurasala Kannababu on Tuesday presented Agriculture Budget 2020-21 in the assembly. While presenting the budget, he said that the agriculture sector has undergone major changes over the past year and decisions have been taken to strengthen farmers, in the long run. Mopidevi Venkatramana introduced the Agriculture Budget in the legislative council.

Addressing the assembly, Minister Kannababu said that late leader YS Rajashekhar Reddy will be remembered if we think about the farmers welfare in the state. Now, the YSRCP government headed by Chief Minister YS Jagan Mohan Reddy is stepping forward for the welfare of farmers with its flagship schemes.

The Government has allocated an estimated budget of Rs 29,159.97 crores for the agriculture sector in the state for the year 2020-2021, he stated.

The minister also stated that Rs 12,500 has been enhanced to Rs 13,500, which will be given to farmers, including tenant farmers under Rythu Bharosa- PM Kisan scheme.

Here are the Agriculture Budget Allocations

Price Stabilization Fund with Rs 3000 crores

Rs100 crores to farmer reassurance centers (Rythu Bharosa Centers)

Rs 500 crores for YSR Free crop insurance

Rs 1100 crores of YSR interest-free crop loans

Rs 20 crores to the farmers exgratia

Rs 200 crores for subsidized seeds

Rs 207.83 crores to farming mechanisation

Rs 225.51 crore for nature farming

Rs 2000 crores for Natural Disaster Fund

Rs 402 crores to Acharya NG Ranga Agricultural University

Rs 653.02 crores for Horticultural development