Andhra Pradesh government to re-schedule crop loan facility

HYDERABAD: The Andhra Pradesh government plans to re-schedule crop loan facility for the benefit of farmers hit by recent heavy rains with regard to loans availed by them from banks and Primary Agriculture Co-operative Societies ( PACS).

The government would also extend fresh loans to farmers whose loans have been rescheduled by PACs or banks, in order to enable them take up agricultural activities, an official release said.

These decisions were taken at a review meeting held by AP Co-operation Minister Kasu Krishna Reddy with senior officials.

Against a target of Rs 5599.53 crore towards disbursement of crop loans during Kharif 2013, Rs 5917.48 crore was disbursed until September 30 by The Andhra Pradesh State Cooperative Bank Limited ( APCOB), the release said.

The release said the "credit camps" would also be organised in villages for the benefit of rain-hit farmers.

Over 50 people were killed and crops in over 11 lakh hectares suffered damages due to heavy rains that battered AP for about a week recently.