German Bank shows Intrest to Provide Loan to ZBNF in AP

Vastavam web: The Germany-based Kreditanstalt Fur Wiederaufbau Bank evinced interest in investing zero-based natural farming in Andhra Pradesh. The representatives of the Bank met Chief Secretary LV Subrahmanyam at the Secretariat here on Thursday and discussed various issues with him. The Centre had also given permission to the State government to obtain loan from the German Bank. The Bank has now evinced interest to extend loan of Rs 1,735 crore and the rest of the Rs 744 crore will be borne by the state government. The Bank, the Centre and the State government are likely to sign the agreement in November regarding the loan.