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Posted on Nov 20, 10:11PM | UNI
Andhra Pradesh Chief Minister N Kiran Kumar Reddy today requested the Centre for early release of funds towards relief for 'Nilam' Cyclone-hit areas in the state.
He said the loss caused by the cyclone has been assessed preliminarily at about Rs 1,550 crore.
Speaking at the joint meeting of the Chief Ministers and Chief Executives of Public Sector Banks and Financial Institutions at Bengaluru, a copy of which was released to the press here, the Chief Minister thanked the Union Government for increasing crop loans target by Rs 1 lakh crore and requested the Centre to extend interest subvention scheme to rescheduled crop loans also, including for licensed cultivators.
He also requested for reduction of premium rates under National Agricultural Insurance Schemes (NAIS).