The Andhra Pradesh Government on Tuesday released Rs 3,600 crores for the third tranche amount of the third instalment, under Crop Loan Waiver Scheme in the state.
While addressing the media, the Agriculture Minister Somireddy Chandramohan Reddy said that from September 10 or 12, the amount will be deposited in the accounts of the farmers with additional 10 percent interests.
Somireddy further said that his government under the leadership of Andhra Pradesh Chief Minister Chandrababu Naidu has been giving the first preference to the farmers only.
According to Somireddy, the crop loan waiver is one of the promises of the Telugu Desam Party (TDP) during its election campaign. However, the government came under criticism for not fulfilling its promise.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app