Andhra Pradesh to Form Farmers Corporation…. 28-02-2019, by admin, 41 Comments 4 Views In order to take care of the farm sector within the state, the state government can come upon Farmers Empower Corporation (FEC) within the state. A corporation is going to be made with a corpus of $1.12 billion. The decision to line up FEC was taken by the province chief minister, Chandrababu Naidu in conjunction with bank officers. However, the bankers told Naidu that the bankers’ sub-committee can discuss the proposals of the authorities and take a choice. FEC will be connected to numerous alternative state firms concerning the farm sector. AP state resources mobilisation committee president, YS Chowdary aforesaid that farmers can get recent loans from Oct, and therefore the corporation is going to be made at interval of 3 days. The corporation can repay the crop loans taken by farmers from the bankers, issue certificates which may be utilized in banks and conjointly augment further resources. Chowdary aforesaid that the corporation can work for the welfare of the farmers and to resolve the issues in future. As before long because the bankers have taken a choice on the proposals of the authorities they’l lestimate the modalities on payment of farm loans. He aforesaid if the govt. can pay $2500 for every family ninety six per cent farmers can be lined within the state.