Finally there is good news for the farmers of both the newly emerged states Telangana and Andhra Pradesh. As per the sources, the RBI will give its nod in two days for the rescheduling of loans. AP Chief Minister Chandra Babu Naidu has relentlessly endeavored to convince the RBI for at least the rescheduling of the farmer loans when the assured farmers waiver of all crop loans was rejected by the Reserve Bank of India.
On the other hand, KCR team has also carried out consecutive meetings with the RBI following Chandra Babu in order to bring also their assurance of farmer waiver into the existence. So, finally RBI is about to give a formal nod to the rescheduling of the loans which will give a smooth atmosphere for the farmers in the coming days!