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Andhra Pradesh govt inks Rs 711 cr loan pact with German bank

KfW, a German development bank, will assist the Andhra Pradesh government with a Rs 711 crore loan for expanding the climate-resilient Zero-Budget Natural Farming (ZBNF) in the state over the next five years. The state government will spend another Rs 304 crore on the project under which 2.39 lakh farmers in 591 village panchayats will be encouraged to take up ZBNF.

The ZBNF project is being undertaken by the state government, dovetailing the Rastriya Krishi Vikas Yojana (RKVY) and Paramparagat Krishi Vikas Yojana (PKVY) of the Centre, with the Azim Premji Philanthropic Initiatives extending technical support. It has already launched ZBNF is over 3,011 villages covering an extent of 1.28 lakh hectares.

Agriculture Minister Kanna Babu also launched a toll-free number, 1800 599 3366, for enquiries related to the insurance scheme launched by the YSRCP government. The helpline will be functional from 10 am to 10 pm. YSR Rythu Bharosa for financial assistance to farmers, interest-free loans, free insurance for farmers, free borewell and free power supply to farmlands are among the schemes announced for farmers.