Andhra Pradesh signs a loan pact worth Rs.711 Cr with Kfw Bank

The Government of Andhra Pradesh has signed a loan agreement for Rs. 711 crore with Kfw Development Bank for expanding the climate-resilient Zero Budget Natural Farming in the state for the next 5 years.
ZBNF already covers about 1.28 lakh hectares in 3011 villages of Andhra Pradesh and the financial assistance from German bank helps to cover about 2 lakh hectares in the addition.
Andhra Pradesh government will spend Rs 304 crore in addition to encourage 2.39 lakh farmers in 591 village panchayats.
The helpline number “1800 599 3366” was also launched for enquiries related to the insurance scheme.
ZBNF is a method of Chemical-free agriculture practice which aims to bring down the cost of production to zero and doubles the farmer’s income. ZBNF was also highlighted in budget 2019 for doubling farmer’s income by 2022.
Government setup Ashok Dalwai Committee for doubling the farmers income by 2022.