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AP Govt Gets Shock From Bankers
Highlights
Andhra Pradesh government gets another shock from Bankers. They made it clear that only 20% new loans will be allowed.
Hyderabad: Andhra Pradesh government gets another shock from Bankers. They made it clear that only 20% new loans will be allowed. In this way, a farmer having Rs.20000 loan will get only Rs.4000 for a new loan. If they have 1.5 lakh only 30000 will be given as new loan.
The government has given 22nd of this month for deadline for loan wavier. So the banks are approached with the new requests to extend the time period for Khariff loans. The bankers are questioning that how loan procedure can be completed in one week.
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