Tuesday, July 8, 2014

RBI decision on rescheduling of crop loans this week likely

Quite hopeful that the Reserve Bank of India will give a green signal to the rescheduling of crop loans in the 575 mandals hit by natural calamities last year, Andhra Pradesh government is exploring all options to fulfil its loan waiver commitment in the rest of about 80 mandals. “We are examining different options. Securitisation of assets such as land, properties, revenue of government organisations and raise loans against them to fulfil our commitments. .......

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