Women, farmers to get Interest-free loans

Ravi Rala (Ranga Reddy Dt), Dec 13, 2012: Continuing her series of Rachchabanda interactions with women in Ranga Reddy district, Smt. Sharmila has assured women and farmers they would get interest-free loans when the YSR Congress party comes to power under the leadership of its president Sri. Y. S. Jagan Mohan Reddy.

Participating in the Rachchabanda get-together at Ravirala village in Maheswaram Mandalam on Thursday, she assured them that Sri Jagan Mohan Reddy would surely keep his promise and grant interest-free loans for women for their economic empowerment after coming to power. “Not only women, farmers too will get interest-free loans putting a full stop to their financial difficulties,” she told them amid thunderous applause by the big gathering of women.

Smt. Sharmila told them that Kiran Kumar Reddy Government has been cheating women and farmers in the name of 25 paisa interest as they are actually being forced to pay an interest ranging from Rs.1.50 to Rs.2 on their loans.

Her remarks were in response to a flood of complaints from women that they were paying more interest though the loans were reportedly sanctioned to them on 25 paisa interest.  The entire gathering replied in the negative in unison when she asked whether they did pay more interest than the proposed 25 paisa at any point of time during the regime of Dr. YSR.