Andhra Pradesh Chief Minister N Chanadrababu Naidu today said he had had a telephonic conversation with Reserve Bank of India Governor Raghuram Rajan on the issue of crop loan rescheduling and was hopeful that the apex bank would consider the State’s request favourably,
Addressing a media conference, he said the RBI Governor had expressed certain reservations about the loan rescheduling scheme. However, Naidu said: “I have assured him that there will not be any problem from the State Government side in terms of the loan reschedule and that there will not be any pressure on the banking system.”
Responding to this, the RBI Governor said he would look into it again and had sought some details.
Referring to the fee reimbursement for engineering students, Naidu said that Andhra Pradesh was willing to bear 58 per cent of the cost and that the rest could be borne by the Telangana Government.
He said he was doing this to ensure that the student community and the parents do not suffer and to resolve the issue amicably, in the best interests of both the States .