...Interest subvention will not be available once the waiver is announced by the state government and therefore, to that extent the state government will have to bear this additional burden as well. It will be hazardous for the Centre to provide for loan waiver of AP as other states would not hesitate for raising similar demand. Farmers continue to be in distress not because of just the burden of institutional loans against which the waiver is now promised but on account of huge private debt at usurious rates of interest with no credible documentation. What is now promised is..........
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