Farmers await loan waiver
This scheme will help farmers get rid of burden
By : DC Correspondent
Update: 2014-09-04 05:14 GMT
Visakhapatnam: This kharif season has pushed both the bankers and farmers into an uncertain position. Though north coastal Andhra receive bountiful rains this season, the farmers are not in a position to invest on crops as they are not getting loans from banks. At the same time the regulations are not permitting the bankers to give loans to the debtors.
The bankers are advising the farmers to repay the loans which they have already taken and receive fresh loans. On the other side, farmers are waiting for the loan waiver scheme to get rid of the burden.
As per the agriculture department records, 2,45,366 farmers have taken around Rs1,215 crore as crop loan and 1,29,550 farmers have taken Rs1,170 crore as agriculture gold loans last year. At present, the bankers are in a dilemma and they are not in a position to take a decision on loan applications. Apart from paddy, sugarcane and maize are the major crops in the district.