Crop loans likely to be rescheduled
posted on Jun 26, 2014 @ 3:54PM
All the efforts of ruling TDP government to get financial support to waive off the crop and dwakra loans seems to be in vain. However, Kotaiah Committee constituted to recommend necessary measures in this regard is said to have convinced Reserve Bank Governor Raghuram Rajan for rescheduling the loans. According to TDP sources, Chandrababu and his team are trying to get a two years breather at least by rescheduling the crop loans. If so, farmers need not to pay the current loans and also can avail fresh loans from banks. However, Chandrababu government has to clear these loans within stipulated period. Chandrababu believes that if he can get at least two years breather period, he can easily clear all the dues. Today he is meeting Union Finance Minister Arun Jaitly and Prime Minister Narendra Modi. If he could convince them also, most probably crop loans may be rescheduled very soon.