Amounts Distribution to Agri Gold Depositors below Rs.20,000 from 7 November

Agri Gold Depositors below Rs.20,000

Distribution of Amounts to the Agri Gold Depositors below Rs.20,000 will be commenced from 7th November 2019. This is a very good news for the Agri Gold victim Depositors who have deposited below Rs.20,000. (From Rs.10,000 to Rs.20,000). AP Cabinet has approved the amount distribution to the Agri Gold Depositors below 20,000 rupees. For this AP state government is going to release 264 crore rupees with in the next few days. About 3,69,659 depositors will be benefited from this 2nd phase distribution.

As a first installment, an amount of Rs.264 crores was sanctioned for disbursing of amounts to the depositors, who have deposited Rs.10,000/- and below, through the District Collectors and District Legal Service Authorities. Now AP State Government further decided to disburse the remaining amount available in the budget provision for the financial year 2019-20 to all the victim Agri Gold Depositors, who have left out from the scope of disbursement in the 1st installment and the depositors who have deposited in excess of Rs.10,000/- but below Rs.20,000/

Regarding this, AP State Government has previously released a G.O Rt.No.913 on the 25th October 2019. AP Government have allocated an amount of Rs.1150,00.00 lakhs budget for the Financial Year 2019 – 2020, under Head of A/c “ MJH 2235 – SMJH – 60 – MH 200 – Other Programmes – HOD DG & IGP – SH (09) Financial support to Agri-Gold Victims – 310 –Grant-in-aid – 317 – Extragia Payments ” in order to make payments to the Agri Gold Victim Depositors.

Re payment of Agri Gold Deposits less than 20,000 rupees will likely be started from 7th November 2019.

Download G.O Rt.No.913 Dated 25.10.2019 for detailed information.