AP Govt to waive off loans worth Rs 50K cr

K V Kurmanath Hyderabad | Updated on July 23, 2014

The Andhra Pradesh Government has said no land is being pledged to raise funds for the loan waiver scheme.

"We are only securitising our future revenues,'' AP Agriculture Minister, P Pulla Rao, has said.

Addressing a press conference here on Wednesday, he criticised the Opposition leader, Y S Jaganmohan Reddy, for misleading the public on the issue of fund-raising.

The Government said it would waive off loans to the tune of Rs 50,000 crore.

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Published on July 23, 2014
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