Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy released ₹123.52 crore under the YSR Matsyakara Bharosa scheme at a public meeting held at Nizampatnam in Bapatla district on May 16 (Tuesday). As a part of the scheme, financial assistance of ₹10,000 is given to each fisherman family for the annual ban period on marine fishing from April 15 to June 14.
The amount was directly credited into the bank accounts of 1,23,519 beneficiaries across the State. Thousands of fishermen attended the public meeting and thanked the Chief Minister for releasing the benefits for the fifth consecutive year. With the amount released on Tuesday, the total assistance provided under the scheme has gone up to ₹538 crore, said Mr. Jagan Reddy.
“Each fisherman’s family has received a benefit of ₹50,000 under the scheme so far,” he said.
