Hyderabad, Oct 27 (UNI) Andhra Pradesh government has decided to give Rs 5,000 to each farmer not covered under the Union Government's loan waiver scheme and who repaid the loans taken from the banks and co-ooperative sector.
Addressing the press with State Commercial Tax Minister Konathala Ramakrishna and Housing Minister B Satyanarayana, State Agriculture Minister N Raghuveera Reddy said the Cabinet Sub-commitee headed by Finance Minister K Rosaiah today met and recommended to the government to provide the incentive to farmers who repaid the loans.
The government also agreed to the recommendations of the Sub-Committee to reduce the cut-off date from March 31, 2007 to December 31, 2006.
Farmers who repaid the loans after December 2006 would be eligible for the incentive.
The government's decision will benefit nearly 35 lakh farmers in the State not covered under the Union Government's loan waiver scheme.
The State Government would incur Rs 1,500 crore for the incentives, he said The amount would be distributed to the farmers on Former Prime Minister Indira Gandhi Jayanti Day on November 19 and the amount credited to the account of the farmers and advice note sent to them.
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