AP Govt to waive 8K cr crop loans in Feb: Somireddy Chandramohan Reddy

Guntur: Minister for Agriculture Somireddy Chandramohan Reddy said that the government will waive remaining crop loan amount of Rs 8,000 crore with 10 per cent of interest in February and credit the same to farmers savings bank accounts. 

Addressing a Kisan Mela held at Acharya N G Ranga Agriculture University in the ANGRAU at LAM on Tuesday, he reminded that the government so far waived Rs 15,147 crores of crops loans. He said that because of the steps taken by the government, agriculture sector achieved doubled digit growth rate in the State.

He added that the government sanctioned Rs 3,122 crore input subsidy to extend helping hand to farmers and another Rs 2,200 crore will be released to pay input subsidy to farmers. He reminded that the government has released Rs 4,000 crore under market intervention scheme for purchasing chillis, turmeric and maize crops.

He reminded that the government released Rs.680 crore in the last four years and purchasing discoloured paddy to extend helping hand to them. MLC A S Rama Krishna, MLA Tenali Sravan Kumar,  AP Mahila Commission Chairperson Nannapaneni Rajakumari and ANGRAU Vice Chancellor V Damodar Naidu were participated.