Thursday, June 23, 2016

AP Government launches phase 2 of Debt Redemption

Andhr Pradesh Government launches second phase of Debt redemption programme in Prakasham district, with this total 36.39 lakh farmers will be benefited.
The Chief Minister distributed debt redemption certificates to farmers at 10 per cent interest to a tune of Rs 3,500 cr.Under the first phase, the government waived loans to the tune of Rs.7,565 cr for 54.98 lakh farmers. The government also released Rs 26.63 cr for the families of deceased farmers.
The state government is determined to waive off loans to farmers totalling Rs. 24,000 cr, for the welfare of the farmers.In addition to these, loans to 2.23 lakh horticulture farmers to a tune of Rs 384.47 cr to develop horticulture in the state.

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