NABARD offers Rs 2,11,865.38 cr to AP
Andhra Pradesh

NABARD offers Rs 2,11,865.38 cr to AP

Agency News

Amaravati, Feb 7: The NABARD on Thursday decided to give a total amount of Rs 2,11,865.38 crore to the primary sector of Andhra Pradesh State.

At the State credit seminar, held here Chief Minister Y S Jagan Mohan Reddy released the state focus paper for 2020-21 year. NABARD has mentioned Rs.1,34,402.52 crore as the agriculture loan in the focus paper. Addressing the seminar, the Chief Minister said that Andhra Pradesh is an agriculture dependent state with 62 per cent depending on agriculture. There were vast opportunities for agriculture and related sectors in the state. The state is in top position in the Aqua and Fisheries sector.

''The entire country is facing a recession now and this effect would be more on primary sector; agriculture,'' he further said. The Chief Minister asked NABARD members that the priority should be given to the agriculture sector on which a majority number of people are dependent. ''Our schemes were not implemented anywhere previously. About 46 lakh people have been covered under Rythu Bharosa,'' he stated. Mr Reddy further stated that 60 per cent of farmers have less than one hectare land and 50 per cent of farmers have half hectare land.

All these farmers were being provided with Rs 13,500 every year. ''About 80 per cent of agriculture investment is being provided by the government and the government on behalf of farmers is paying insurance premium. He said Rs 3,000 crore has been allocated for price stabilisation fund to rescue every farmer from loss'', he informed. Mr Reddy further informed that more than 11,000 Rythu Bharosa centers would be established by the upcoming Kharif season. He thanked NABARD officials for cooperating in establishing agri-labs. He said that there is a requirement for setting up of more number of cold storage units and godowns.

Apart from these, the government is planning to establish a food processing unit in every parliamentary constituency and later that would be extended to assembly constituencies. Stating that the Polavaram irrigation project is major project in AP, the Chief Minister further said ''We have spent about Rs.5,000 crore and approximately Rs 500 crore interest is being paid for that. Funds are not being released on time.'' He mentioned that the current grant of Rs.1800 crore was also given to PPA from NABARD.

It requires at least Rs 10,000 crore every year for R&R works and Rs 6,000 crore is required for civil works for the current year. He requested NABARD members to focus on the Polavaram project. ''The State stood as a role model to other states by establishing disaster management fund and also by fixing up the minimum support price for the crops. We are going to offer our complete support to the primary sector," NABARD Chief General Manager Selvaraj said. Minister for Agriculture, Kurasala Kannababu and Government Advisor Ajeya Kallam also spoke in the seminar. UNI