Agricultural loans: Kerala requests Centre to extend moratorium for one year
New Delhi: The Kerala government has requested the central government to extend the moratorium for agricultural loans for one more year. The moratorium was granted following the flood havoc last year.
Minister for Cooperation Kadakampally Surendran has asked Union Minister for Agriculture Narendra Singh Tomar to reorganise the agricultural loans and other debts of the common people.
The request to extend moratorium has been made in the backdrop of the recent flood havoc. Kerala has also asked special financial aid of Rs 2000 crore through the National Bank for Agriculture and Rural Development (NABARD) to reorganise the loans.
In addition to this, the state requested for a new loan package of Rs 1000 crore from NABARD. The repayment period of long term loans need to be extended from 5 years to 15 years and the agricultural loans should be made interest free, the minister demanded.
The state had requested special financial package to overcome flood losses last year. This has not been granted yet. These issues were brought to the attention of the union minister and he responded positively, Kadakampally Surendran said.