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Loan waiver within a month’, says Finance Minister

August 9, 2014 - Hyderabad


The AP Finance Minister Yanamala Ramakrishnudu said that the loan waiver will be implemented within a month.

Yanamala Ramakrishnudu said on Saturday addressing a press conference said that the issue is in correspondence with the Reserve Bank of India and expecting a clear detail over it within a month. ‘The waiver of farm loans and SHG would be implemented without fail notwithstanding the decision of the Reserve Bank of India. However, we cannot announce the date of implement at this moment as the issue is under the consideration of the RBI’, he said.

The Finance Minister said that once the loan waiver is implemented, the question of the existence of Opposition would be in question. He said that the media is creating confusion over the issue and the Opposition parties are trying to mislead the farmers and members of SHGs. We are making it clear from the very beginning that the loan waiver will be implemented in the State’, said Ramakrishnudu.

Andhra News

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