Debt relief scheme for farmers: AP CM

Written by:
Subscribe to Oneindia News

Hyderabad, Aug 7: Andhra Pradesh Chief Minister Y S Rajasekhara Reddy said that the Centre was considering debt relief scheme for handloom weavers, based on the loan waiver scheme for farmers, on Thursday, Aug 7.

Dr Reddy, while participating in a Handloom-day function to mark Mahatma Gandhi's call to countrymen to boycott foreign goods and encourage Khadi during the British regime, here said ''I have taken up the matter with Prime Minister Manmohan Singh and also with All India Congress Committee(AICC) General Secretary Rahul Gandhi when the latter come to the State to provide relief to handloom weavers".

The Centre will soon announce a rescue plan for the debt-ridden handloom weavers, he added.

The Chief Minister said Centre's contribution of thrift scheme for handloom weavers would be borne by the State Government.

He said starvation deaths among handloom weavers during the previous Telugu Desam Party(TDP) regime had become a thing of the past after the Congress Government provided loans for handloom weavers at a meagre three per cent interest rate. The Government also provided them credit cards for Rs 1.50 lakh, he added.

Speaking on the occasion, State Finance Minister K Rosaiah recalled that with Dr Reddy's assistance, the UPA Government had rolled back 9.2 per cent excise duty on hank-yarn, imposed by the previous NDA Government.


Please Wait while comments are loading...