Latest – Updated on 7th December 2014: The Government of Andhra Pradesh has released the first list of beneficiaries under Agriculture and Gold Loan Waiver Scheme. The same list has been displayed on the website http://apcbsportal.ap.gov.in/loanstatus/LoanStatus.aspx and also send to the banks. You can get complete information from these links:
APCBS Portal – Know Your Crop and Gold Loan Status in AP
AP Agri and Gold Loan Waiver Schedule – First Phase
AP Loan Waiver Scheme GO and Guidelines
Kotaiah Committee has submitted it’s report to the government of Andhra Pradesh. The committee has been formed to frame guidelines for the implementation of farm loan and gold loan waiver scheme in Andhra Pradesh.
Following are the important recommendations of Kotaiah Committee:
1) Farm loans less than Rs . 150000 will be waived for all farmers. For loans with more than 1.5 lakhs, balance loans have to be borne by the farmers.
2) Maximum ceiling for gold loans has been fixed at Rs.50000.
3) Only one loan, farm or gold loan will be waived for each family.
The modalities for the loan waiver scheme has to be approved by the government of Andhra Pradesh. The committee has also suggested to issue bonds and sale of red sandal wood to facilitate the waiver of loans.