Cong MLA seeks clarification on crop loan waiver scheme
Hyderabad, Dec 29 (INN): Congress MLA G Chinna Reddy on Monday demanded that Chief Minister K Chandrashekar Rao give a clarification on the status of crop loan waiver scheme.
Speaking to media persons in Assembly premises here, Chinna Reddy said that the TRS Government originally promised to waive off crop loans up to Rs 1 lakh of 36, 31, 809 farmers.
However, the number of beneficiaries was reduced to 34 lakhs. He sought to know why 2.31 lakh farmers were left out of the scheme. Stating that the government has so far released only one installment of the total loan amount, he alleged that the delay in implementation of the scheme forced over 500 farmers to suicide. He asked whether the government was waiting for more suicides to waive off the total loans.
Chinna Reddy also condemned the objection raised by the Reserve Bank of India Governor on the crop loan waiver scheme. He said that when the banks could waive off industrial loans, what was wrong in waiving off crop loans.
He said that the RBI has no right to object to a policy decision of the State Government. He demanded both the RBI and the Chief Minister to issue a clarification on the issue.
News Posted: 29 December, 2014
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