Chandra Babu Naidu Kcr farmers

Government of Andhra Pradesh and Telangana are working in the direction of convincing the bankers to issue fresh loans to farmers even before they finalize the terms of loan waiver promised in the elections. It is said that there are a total 82000 Crore of loans to be waived for farmers and self groups in Andhra Pradesh while it amounts to 20000 Crore in Telangana.

However these are quite a bit of high amounts and require lot of technical work to process the waiver. However with the new crop season coming up and banks issuing loans only to the ones who paid them, Governments are requesting bankers to issue fresh loans even before the loan waiver. It is said that bankers will be more than happy to do that on government guarantee as a loan waiver will mean that banks are paid the entire amount by the state government where in direct process, there are several bad and irrecoverable loans banks have to loose money from.