Banks told to finalise norms on farm loans

CM asked banks to finalise their guidelines soon on loan issue
Hyderabad: While reiterating the Telangana state government’s committment to make payment of Rs 1 lakh each to the eligible farmers towards the loan waiver scheme, Chief Minister K. Chandrasekhar Rao on Tuesday asked the Bank representatives to come clear on the issue and finalise their guidelines soon.
The Chief Minister, who held a meeting with various bank officials on Tuesday, asked them to implement the loan waiver scheme without creating hurdles and confusion on modalities. He said the government is prepared to pay the amount to banks in instalments and they should continue giving fresh loans to farmers. The CM asked the Bank representatives to sit with the Cabinet sub-committee and finalise the modalities within next four days.
He also told them that he has already spoke to Reserve Bank Governor Mr Raghuram Rajan over this issue.
( Source : dc correspondent )
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