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Pocharam asks bankers to loan farmers

Pocharam Srinivas Reddy

Agriculture Minister P Srinivas Reddy today asked the bankers to lend loans to farmers to boost the agriculture activity during Kharif season.

Talking to reporters after conducting an SLBC meeting here at Secretariat here he said that the government is ready to disburse third phase of loan waiver worth Rs 4250 cr. The Government is for the cause of the faremrs and bankers have to cooperate he said. The bankers given the loans of Rs. 2,340 crores to 4,34,340 farmers.  Out of the total 33 lakh farmers under Loan Waiver scheme, the Bankers has given loan clearance letters to 22 lakh farmers and for the remaining eleven lakh farmers, the Bankers agreed to give such letter, as the government will pay part of the third installment he said.. He also directed the bankers not to collect interest on the loans upto Rs. 1.00 lakh who have repaid their loans in 12 months. (NSS)

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