Bankers urge Govt to come to rescue of poultry farmers

Hyderabad, Mar 16(UNI) With the poultry farmers in Andhra Pradesh alone losing over Rs five crore per day due to drop in consumption of eggs and chicken in the wake of bird flu threat, the Public Sectors Banks in the State today urged the Government to provide interest subsidy to the farmers.

The poultry Industry was in a deep crisis with the prices of egg and chicken falling to lowest level and they were finding it difficult to even feed the surviving birds, the Officers, pointed out while taking part in the group discussion as part of the state level bankers' review meeting here.

They suggested that the Government postpone term loan instalments for six months and sanction short-term loan for two months requirement of working capital for broiler/layer farms repayable in 12 months.

UNI SM SHR KP2359