The Andhra Pradesh government is planning to set aside R5,000-7,000 crore for a proposed loan waiver scheme to be announced at Wednesday’s budget. This is part of the first phase of the total provisions made for the loan waiver scheme of the government to help farmers avail of fresh loans for this sowing season.
The government has already issued guidelines for the loan waiver scheme, which is estimated to cost around R43,000 crore to the state exchequer. Further, it has started compiling eligible borrowers’ data to implement the R1.5-lakh limit per family. The complete data is expected to be ready in the next 2-3 months. At a recent interaction