Andhra Pradesh - Vijayawada   

Rythu Sangham wants two-year moratorium on loans

By Our Staff Reporter

VIJAYAWADA, JUNE 23. The Andhra Pradesh Rythu Sangham demanded that the State Government extend the moratorium on crop loans to cooperative and commercial banks also.

Addressing a press conference here on Wednesday, the Sangham president, Kolli Nageswara Rao, said that six months was too short a period for a moratorium and all loans which are less than Rs. 30,000 should be waived. He said farmers would be mobilised to stage dharnas in front of cooperative and commercial banks on June 30 to press their demands. He said the Government should waive all arrears to be paid by small and marginal farmers. He said drought was prevalent in the State for the past four years and farmers would not be able to come out of the crisis at the end of just one season. A minimum of two-year moratorium was required.

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