Chief Minister Y.S. Jagan Mohan Reddy flagged off tractors, combine harvesters and other farm machinery worth ₹361.29 crore under second phase of the YSR Yantra Seva Scheme at Chuttugunta here on Friday. The Chief Minister also launched 4,019 YSR Yantra Seva Kendras.
Handing over 2,562 tractors, 100 combine harvesters and 3,573 farm machines to the Rythu Bharosa Kendras-attached farmers’ groups, the Chief Minister said that 40% subsidy would be given on purchase of these machines while 50%of the cost would being arranged through loans and the groups had been asked to pay 10% of the cost.
Mr. Jagan released ₹125.48 crore of subsidy into the bank accounts of farmers’ groups with the click of a button.
