Andhra Pradesh govt releases Rs 123.52 cr under YSR Matsyakara Bharosa

Category : State Published on: May 20 2023

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In order to assist 1,23,519 fisherman households across the State during the duration of the marine fishing ban from April 15 to June 14, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy released Rs. 123.52 crore under the YSR Matsyakara Bharosa.
A sum of 10,000 each would be credited directly into the bank accounts of the beneficiary families.
In addition, the Chief Minister provided Rs. 107.91 crore in aid to 23,458 fishing families who had lost their livelihoods due to ONGC pipeline construction in the Konaseema and Kakinada districts.
He also lay the 417 crore rupee foundation stone for the Nizampatnam fishing harbour.
The YSR Matsyakara Bharosa scheme was launched by the Jagan government in 2019 to provide financial assistance to fishermen during the annual fishing ban period. The scheme provides Rs. 10,000 per year to each fisherman family.