Each farmer will get Rs.1 lakh Loan

     Written by : SMTV24x7 | Sat, Jun 17, 2017, 04:04 PM

Each farmer will get Rs.1 lakh Loan

Vijayawada, June 17: The Andhra Pradesh government has decided to lend Rs 6,311 crores to farmers as loans, each farmer will get Rs.1 lakh loan without any interest in this year.

The decision was taken at a meeting of state-level bankers led by chief minister Chandrababu on Friday.

Banks have agreed to lend the money to the farmers with government targets. The bankers said loans would be given to the farmers, who must have loan qualification cards.

If the owner of the land is taking a loan, it would be difficult for the farmers to lend the loan.

The Chief Minister Chandrababu responded by saying, "First of all, The loans should give to the farmers immediately without objections.

It is important to give loans to farmers at the time of need. Bankers should cooperate in the development of micro and small industries.

While Speaking through the Video Conference, Srikakulam Joint Collector said that some banks charge 6.50 per cent service for non-cash transactions in cheap shops. The bank officials said it would take appropriate steps against the things.

Andhra Bank Managing Director and State Level Bankers Committee Chairman Suresh N.Patale presented the Annual Credit Plan report of 2017-18.