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Andhra Pradesh identifies 2.28 mn farmer families for Phase I of loan waiver -Yogendra Kalavalapalli

-Livemint

A total of 4.04 million bank accounts have been cleared for loan waiver that will benefit 2.68 million farmers

Hyderabad: Andhra Pradesh on Thursday finalized the norms for loan waiver for farmers and identified 2.28 million families as beneficiaries in the first phase of what it called a "debt redemption scheme".

Loans will be written off in two phases, Andhra Pradesh chief minister N. Chandrababu Naidu said at a press briefing. This is the first time a state government is conducting such an exercise.

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