Mon, Oct 20, 2014, 04:46 PM
AP government is all set to form a corporation to facilitate the waiver of crop loans. CM Chandrababu Naidu held a meeting with finance department officials today on the issue. Tomorrow, Govt is going to launch the Farmers' Empowerment Corporation in Vijayawada. Farm loan waiver is going to be implemented through this corporation. In first phase, 20 per cent of the money would be given to the Farmers' Empowerment Corporation, which in turn would pay to the banks. MP Sujana Chowdhary was also was present in the meeting.