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AP govt to announce loan waiver beneficiaries on Nov 5 th
By: Tupaki Desk | 31 Oct 2014 11:33 AM GMT
Ground has been prepared for prestigious loan waiver scheme of Andhra Pradesh. As per reports Andhra Pradesh government will announce the list of beneficiaries of loan waiver on November 5.
The government issued orders to the officials to put the list of beneficiaries at all panchayat offices in the state and the objections will be received till November 10.The first phase of loan payments will start on November 15. Over 30 lakh families will benefit by the loan waiver scheme.
The Andhra Pradesh Government earlier notified that crop loans and agricultural gold loans disbursed for crop purposes up to December 31, 2013 are eligible for cover under the loan waiver scheme. Only one loan in a family will be waived off. The order also states that loans which were outstanding as on December 31, 2013 would be eligible for waiver even if they were subsequently repaid to bank or cooperative.
The Chandrababu Naidu Government is going ahead with the loan waiver scheme in spite of limited support extended by the RBI.
The government issued orders to the officials to put the list of beneficiaries at all panchayat offices in the state and the objections will be received till November 10.The first phase of loan payments will start on November 15. Over 30 lakh families will benefit by the loan waiver scheme.
The Andhra Pradesh Government earlier notified that crop loans and agricultural gold loans disbursed for crop purposes up to December 31, 2013 are eligible for cover under the loan waiver scheme. Only one loan in a family will be waived off. The order also states that loans which were outstanding as on December 31, 2013 would be eligible for waiver even if they were subsequently repaid to bank or cooperative.
The Chandrababu Naidu Government is going ahead with the loan waiver scheme in spite of limited support extended by the RBI.
