Vijayawada, Dec. 10 -- Andhra Pradesh Chief Minister N Chandrababu Naidu directed the officials on Wednesday to discuss steps to reduce the interest rates on loans with various banks and financial institutions.
Addressing heads of departments at the Secretariat at Amaravati, near here, the Chief Minister regretted that due to the damaged AP brand image several financial institutions increased the interest rates during previous government's regime resulting in wastage of public money.
The NDA government was able to save Rs 512 crore last year and Rs 1000 crore so far this year through rescheduling of loans and discussions with banks and financial institutions, he said.
Expressing concern over non-utilisation of Rs 1170 crore central gover...