Good news. Hope this money will be utilized properly and not targeted by corrupt officials and politicians The World Bank has approved a Rs. 450-crore loan to the new state of Telangana to improve incomes and address healthcare needs of farmers. The project targets to increase incomes of 2.5 lakh farmers by 50 per cent by improving farm productivity and providing access to the markets. The mandate of the project also included to improve the institutional credit flow to the farmers in the region that faced severe shortage of credit. Absence of public credit forced the farmers to depend on the private lenders who charged interest rates as high as 36-48 per cent. As a result, the farmers had ended up in huge debt in the just concluded kharif season. Going by the reports reaching here, there is significant change in the rabi season too.
Posted on: Wed, 24 Dec 2014 16:28:19 +0000
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