The Andhra Pradesh state govt led by Chief Minister YS Jaganmohan Reddy is going to implement the YSR Kapu Nestham scheme for the second year consecutive year.The YCP govt will disburse the funds directly into the bank accounts of women in the state under the YSR Kapu Nestham scheme.
Chief Minister YS Jaganmohan Reddy has sanctioned Rs 3,27,244 crore for women belonging to Kapu, Balija, and Telaga castes across the state.CM Jagan is all set to deposit Rs 490.86 crore financial assistance directly in the beneficiaries bank accounts at the CM’s camp office in Amravati today.
However, these funds released by the AP state government are deposited in non-incumbent accounts by banks instead of being deposited under old loans.
According to the YSR Congress Party manifesto, the YSRCP is implementing the Kapu Nestham scheme for the second consecutive year despite the Covid crisis intending to improve the economic development and living standards of poor women of Kapu, Balija, and Telaga castes.
Last year, 3,27,349 beneficiaries received Rs.491.02 crore.Today, the govt will deposit Rs.3,27,244 crore into the bank accounts of the beneficiaries.The state govt says that with this, a total of Rs.981.88 crore deposited in beneficiaries bank accounts.