The Centre has expressed its helplessness in directing the Reserve Bank of India to reschedule crop loans despite Chief Minister N. Chandrababu Naidu’s efforts. RBI has recently given the nod for rescheduling of loans in four districts up to a limit of Rs1 lakh, excluding gold loans. Union finance minister Arun Jaitley on Tuesday suggested that the state government should directly deposit the money into the accounts of farmers instead of asking the RBI to direct the banks.............
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