Chandrababu expects solution from Bankers’ Meeting
posted on Jun 28, 2014 @ 8:18PM
The crop loans waiving issue has put Chandrababu government on toes. All his efforts to get some relief from Centre or Reserve Bank were not fruitful. Hence, Chandrababu has invited the bankers for a meeting on June 30th. He is expecting some solution out of this meeting. If can’t find any, then he is planning to appeal them to grant fresh loans to farmers for Karif session. However, since Reserve Bank has not given any specific instructions or assurances to the bankers over this issue, they also may not afford to give fresh loans without clearing the old dues. It came to know that Reserve Bank is ready to reschedule the old loans if the state government is ready to pay the old loans, but state government is not in a position to repay the loans in the prevailing situation. So, Chandrababu has to find some solution to this problem immediately.