Farmers loan waiver : 3rd installment released in AP

andhrapradesh |  Suryaa Desk  | Published : Tue, Oct 24, 2017, 06:00 PM

Amaravati : AP Agriculture Minister Somireddy said that "We have started releasing the third installment to farmers. It comes up to 3600 crores. Until today, almost 7.89 lakh farmers came to take the third installment. We have already released 914.33 crores so far. The total amount will come to 3600 crores".
The State Government, in September, released Rs 3,600 crores for the third installment amount, under Waiver Scheme in the state.The amount will be deposited in the accounts of the farmers with additional 10 percent interests.
State Government, under the leadership of CM Nara Chandrababu Naidu, has been giving the first preference to the farmers.Minister also said that "The CM has taken key decisions to help the farmers".
According to Somireddy, the crop loan waiver is one of the promises of the Telugu Desam Party (TDP) during its election campaign. However, the government came under criticism for not fulfilling its promise.








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