Reimbursement of Farm Loans


Extension of duration of crop insurance was rejected by insurance companies.20% of the amount lent to the farmers will be given by the TDP government.The discussion regarding the issue was discussed with the Ministers of Finance and agriculture in the presence of senior officials at Andhra Bank Headquarter premises.
The state government announced on monday that it would setup Farmers’ Empowerment Cooperation for debt relief upto 1.5lakh to each farmer of the family and an additional corpus fund of Rs.7000 .The government has allocated Rs.5000 crore budget for the debt relief.
Karla suggested the AP government to set up a second Debt Recovery Tribunal to speed up recovery process in high volume loans and clear huge pending cases.

Medaram Jathara

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