Vijayawada: The Andhra Pradesh government has sanctioned Rs 263 crore for the AgriGold victims. The money will be distributed among those who deposited Rs 10,000 and below with the scam-hit company.

According to sources, over 3.69 lakh depositors are expected to get a refund of their deposits. Before coming to power, Reddy had promised to repay the loan amounts to the scam-hit AgriGold depositors. The YS Jagan Mohan Reddy government had allocated Rs 1,150 crore for refunding the amount to those who deposited Rs 20,000 and below.

YSRC leader and AgriGold Depositors Basata Committee coordinator L Appireddy, at a press meet in the YSRC office at Tadepalli, said the amount would be credited to the bank accounts of the depositors. The money was sanctioned as per the recommendations of District Collectors, who submitted proposals as per adjudication of chairman, District Legal Service Authority of the districts concerned.