The wait for RBI’s clearance for rescheduling of crop loans seems to be getting longer. After the A.P. government sent details of crop loans sought by the RBI about 10 days ago, the apex bank sought from the State level Bankers Committee the break-up of mandal and crop-wise loans disbursed to farmers.
The SLBC in turn directed the bank branches to furnish details but the banks explained that only branch-wise loan disbursement details were available with them.
In the light of these developments, Chief Minister N.Chandrababu Naidu may be writing to the RBI with a request to relax its stand on rescheduling of crop loans without insisting mandal-wise crop loan details.
