Fri, Nov 14, 2014, 11:03 AM
AP Government is getting ready for waiving farm loans. It has identified 58 Lakh accounts eligible for farm loans by which 30 lakh families would be benefited. For the past 5 months, farmers have been eagerly waiting for this. Submission of identity cards by farmers is completed by yesterday. In the first phase, government is waiving 20% of loan amount and the remaining is given as bonds by Farmers Empowerment Corporation. In the next phase, government plans to deposit Rs. 50000 rupees at a time.