HYDERABAD: While charging the Centre with not making any allocation for the construction of capital in the Union Budget, the AP government itself earmarked a paltry Rs 303.26 crore for the purpose in its budget that was presented by finance minister Yanamala Ramakrishnudu in the assembly on Thursday. Added to that, only Rs 12.2 crore has been kept aside as compensation for the farmers who gave up their land to the new capital.
The Rs 303 crore for the capital construction was part of the Rs 3,168 crore allocated for urban development.
Ryots fall from the frying pan into fire
GUNTUR: Farmers who gave up their land for construction of capital city are finding themselves in an unpleasant situation as the banks have decided to adjust the compensation they got from the state government against their farm loans. This situation has arisen because government is sitting on the much-touted farm loan waiver scheme.
The state government has paid an annual compensation of Rs 30,000 per acre in upland areas and Rs 50,000 per acre in riverside villages under the land pooling scheme. But when the farmers recently went to banks to deposit the cheques, they received the shock of their lives. Bankers curtly told them that the money would be adjusted against old farm loan dues. Farmers have not cleared their loans after the state government announced waiver of all agricultural loans up to Rs 1.5 lakh. The loan waiver scheme is yet to be implemented.