‘The amount has been kept pending by the TDP government since 2014’Agriculture Minister K. Kannababu on Sunday said that Chief Minister Y.S. Jagan Mohan Reddy would release ₹700 crore towards reimbursement of the ‘zero interest’ on crop loan to farmers, which had been kept pending by the TDP government for the 2014-19 period. Addressing the media here, Mr. Kannababu said that former Chief Minister N. Chandrababu Naidu had not reimbursed ‘zero interest’ amount of ₹1,200 crore for a period of five years. “The Finance Ministry has given its nod to release the pending ‘zero interest’ amount to the farmers. Input subsidy“Input subsidy of ₹510 crore for kharif-2019 will also be released on November 17.

Source: The Hindu November 15, 2020 19:50 UTC