Rs 78,776 cr loan plan for 2015

ING-040915-HYD-BANKARSRIVEW-00000000-00005400-300x225The State Government has announced Rs 78,776 crore loan plan for 2015.  Besides, TS government has fixed a target of Rs 25,000 crore loan for kharif and rabi season this year and by September government has decided to complete 80 percent of the target of Rs 18,000 crore loan for kharif season. Under loan-waiver government has already handed over letters to 36 lakh farmers, said Agriculture Minister Pocharam Srinivas at 8th State level Bankers’ meeting held at secretariat. Finance Minister Eetela Rajender pointed out that government’s image was at stake as bankers were not cooperating. They also asked them to come to the rescue of farmers as deficit rainfall was playing havoc with their lives. Ministers were angry over rampant irregularities in loan-waiver stating that many complaints have been received and they are firm on taking action against the culprits. Industrialists also discussed with bankers problems over farmers’ loans.

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