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Annadata Sukhibhava gets Rs 5,000 cr allocation

AMARAVATI: Finance minister Yanamala Ramakrishnudu has presented a Andhra Pradesh's funds on Tuesday. Taking a cue from the Union finance minister Piyush Goyal, who deviated the tradition to announce new policies in the vote-on-account funds, AP finance minister spared Rs.5000 crore for Annadata Sukhibhava scheme to increase monetary assistance to the farmers.

The minister presented a budget with an Rs. 2,26,177.53 crore outlay of the funds for the monetary year 2019-20. He disclosed that income expenditure used to be estimated at Rs. 1,80,369.33 crore and capital expenditure used to be estimated at round Rs. 29,596.53 crore, which includes Rs. 8,994 crore towards principal repayment of the general public debt. Minister estimated the income deficit at round Rs. 2,099.47 crore and the fiscal deficit at round Rs. 32,390.68 crore.

"Andhra Pradesh has about 58% labor workforce engaged in agriculture and related which produces about 32% share of GSDP. Therefore, our government considers this sector to be crucial for promoting inclusive development. Our main strategies have been to first alleviate farm distress through loan waivers and enhanced input subsidy; then work on sustainable growth of farmers’ incomes through drought proofing, better inputs, farm mechanization; improve credit facilities for tenant farmers and protection from price fluctuations," mentioned Yanamala Ramakrishnudu.

Finance minister mentioned they'd decided to alleviate the debt burden of farmers with an outlay of round Rs 24,000 crore. He explained that the general two installments would be credited shortly. He added horticulture debt redemption Rs.384 crore had been credited into 2.23 lakh mortgage accounts of farmers.

Yanamala mentioned the government had enhanced input subsidies for paddy, sugarcane, cotton and groundnut crops from Rs. 10,000 to Rs. 15,000, for maize from Rs. 8,333 to Rs. 12,500, pulses and sunflower crops from Rs. 6,250 to Rs. 10,000. This benefitted 39.33 lakh farmers.

He spared Rs 9381 crore to empower the self-help teams and give every other assistance of Rs 10,000 in three spells of Rs 2,500 in February, Rs. 3,500 in March, and Rs.four,000 in April 2019. This would get advantages 93.81 lakh SHG participants, claimed Yanamala.

He allocated Rs. 14,367 crore for SC sub plan for 2019-20, marking an building up of 28% over previous year, Rs. 5,385 crore for ST sub plan, marking an building up of 29% and Rs. 16,226 crore for BC sub plan, marking an building up of 33 %.

He mentioned that the government has enhanced unit costs in NTR Housing from Rs. 0.8 lakh to Rs. 3.5 lakh for urban areas and from Rs. 0.7 lakh to Rs. 2 lakhs in rural areas. He mentioned that they have also diminished the mortgage element to cut back the load on the deficient.

"Government has sanctioned 15.78 lakh houses with a Project cost of Rs 31,793 crore under the NTR Rural Housing, PMAY-NTR Gramin and PMAY-NTRUrban-BLC schemes. In addition, 4.40 Lakhs pending houses under Pre-NTR housing schemes have also been taken up for completion with project cost of Rs 2,839 crore. In Urban Housing under PMAYNTR Nagar and NTR Urban Housing Beneficiary Led Construction, 10,15,663 houses are being constructed," mentioned Yanamala.

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