Staff Reporter

Former Rajya Sabha member Y. Sivaji hails the decision

The burden on Centre to be

Rs. 800 crore

Farmers in 17 districts eligible for the facility

GUNTUR: Relaxation of the rules in waiver of agriculture loans will benefit an additional 5 lakh farmers with a burden of Rs.800 crore on the Centre for Andhra Pradesh alone.

This decision by the Union Finance Ministry came on Saturday, which makes all farmers whose loans taken from public sector/cooperative lending institutions prior to March 31, 1997, but rescheduled or restructured in 2004 or 2006 eligible for waiver.

In Andhra Pradesh 17 districts fall into ambit of this with exception of Hyderabad, Visakhapatnam, Vizianagaram, Krishna, East and West Godavari districts.

Coastal region

Those eligible in the coastal region would be Guntur, Prakasam and Nellore with a number of districts from Rayalaseema and Telangana.

Fresh loans

Guntur district alone benefits to the tune of Rs.38 crore with 40,000 farmers becoming eligible for fresh loans with old loans waived by end of this month.

‘Deserves it’

The farmer leader and former Rajya Sabha Member Yelamanchili Sivaji has welcomed the decision of the Union Finance Ministry, which would benefit a large number of farming community deserving this waiver of loan.