The world is fighting to the COVID-19 pandemic. The economic growth of every country in the world is decreasing. India also belongs to this low growth economy countries. However, India is trying to improve economic growth. India is doing so by launching various economic booster schemes.
India’s GDP growth is at its lowest level. It is a perfect time for India to improve its growth in the first two pillars of the economy. In this pandemic situation, Every sector of the economy is no performing well. Every sector noted its lowest growth in the past. There is one sector in the economy that noted their growth positive is the Agriculture sector. The agriculture sector is the first pillar of the Indian economy.
In the agriculture sector, we can call it as a production sector of the economy. If we increase the agriculture sector’s growth, then the contribution of this sector to the GDP will also increase. However, the agriculture sector is not doing a good performance. Its contribution toward the GDP of India is the lowest among the three sectors of India.
The Indian government is launching schemes that help agriculture and farmers to improve their performance. There are many schemes and programs for farmers and people who are directly or indirectly connected to the agriculture and dairy sector of India. The constitution of India also allows the state governments to make the schemes related to these people and launch them as agriculture is the topic of a concurrent list of the Indian constitution.
Here, We will talk about One of the agriculture base schemes that is sponsored by the government of India and implemented by the respective state governments. Recently, Andhra Pradesh Government has published the advisory about the scheme called Andhra Pradesh Agriculture Electricity Cash Transfer scheme 2021-22.
About Andhra Pradesh Agriculture Electricity Cash Transfer Scheme:
Andhra Pradesh Agriculture Electricity Cash Transfer Scheme will be launched by the Andhra Pradesh Government to help the farmers in bills of electricity. This scheme will remain in force during the financial year 2021-22. This scheme will help the farmers financially for their farm sector.
The government will provide online cash transfer to the account of the farmers. This cash will help farmers on the payments of the electricity bill of their farm—the main objective of this scheme to provide free electricity to farmers for their farms. The total budget allotted for this scheme is Rs. 8,400 crore per annum.
Andhra Pradesh government will install smart meters to all power connection of the farm. However, this is the art of the central government scheme that every state should implement this type of scheme to get a 2% hike in FRBM (Fiscal Responsibility and Budget Management Act ) in the borrowing limit. This would help the Andhra Pradesh government to an additional loan Of amount Rs.20,000 crore during the current fiscal.
AP Agriculture Electricity Cash Transfer Scheme 2021-22 for Farm Sector
Andhra Pradesh government will spend about 1500 crore in the installation of the smart meters. The smart meters will help farmers to get electricity effectively. It will also help the government to calculate the units of the electricity consumed. According to the reading of the smart meter, the fiscal amount is transferred to the bank account of each farmer.
Late CM Y S Rajashekhara Reddy earlier introduced this initiative to provide free electricity to the farmers to the entire year in May 2004. However, this initiative has continued by the next government of Andhra Pradesh. Now, the Andhra Pradesh government will be going to introduce Andhra Pradesh Agriculture Electricity Cash Transfer Scheme 2021-22.
It sounds good to hear that the Andhra Pradesh government will spend 1700 crore on improving the transmission system of the state. As the transmission system is better, the power supply to the farmers is efficient and uninterrupted. The reports say that the Andhra Pradesh government will supply the electricity to the farmers for 9 hours during the daytime.
How the Cash Transfer Scheme for Power Supply to Agriculture Sector will Work
Here, I will give you the information about how the cash transfer scheme for agriculture power supply will work step by step. If you wanted to take advantage of this centrally sponsored scheme, then you must have to read this article till the end. The step by step procedure of the cash transfer scheme to the farmers is as given below:
- To take advantage of the scheme, every farmer has to open their bank account.
- When the bank account opens, only then the farmer can get the financial benefit of this scheme. In the bank account of the farmer, the government will transfer the amount of the scheme through a direct benefit transfer program.
- However, the farmers will have to pay the amount of their electricity bill to the respective distribution company. But the amount of the bill will be deposited in the bank account of the farmers, they can cash that money from the account and can pay the bills of the respective distribution company.
If you want to know more about the Andhra Pradesh Agriculture Electricity Cash Transfer Scheme, then you can read the guidelines that are issued by the government of Andhra Pradesh on 1st September 2020.
Benefits of AP Agriculture Electricity Cash Transfer Scheme
This scheme is related to farmers to provide them financial help. So it is also a beneficial scheme to the farmer and people who are connected to the dairy sector. Here, we will give you the list of benefits that any farmer can have after taking advantage of this scheme.
- Farmers will not require to pay any rupee from their pocket to pay the bills of electricity.
- As the farmers will not pay the bills of electricity, so the saved money of the farmer can be used in the development of farming sectors.
- Because of the saving of money, farmers can see that money in other ways to improve the productivity of their farm.
- As productivity increases, the contribution to the GDP of the nation of the agriculture sector will also increase.
- The income of the farmer will also increase, and the goal of doubling the income of the farmer by 2022 of the central government can be achieved.