Hyderabad: After the Kotaiah Committee, Andhra Pradesh government has decided to constitute another committee to mobilise funds required for waiver of crop loans to the farmers.
TD MP Sujana Chowdary will head this committee.
Former chairman of Canara Bank M.B.N Rao, State planning Board vice-chairman C. Kutumba Rao and others will be appointed members of the committee.
Various proposals to raise additional funds are under consideration. Setting up ‘sand yards’ in three or four places along Godavari, Krishna and Penna rivers is one of them.
The government plans to remove the shelves along these three rivers and sell them which will fetch the government around Rs 1,000 crore.
The other proposal is to set up a farmers’ welfare cess fund. Some portion of the amount collected by major revenue earning departments will be diverted to this cess fund.
From the excise department 50 percent of the revenue could be diverted to this cess fund.
Some financial experts have advised the government that the welfare cess fund will not even come under income tax purview.
