Wednesday, May 22, 2024
    HomeTelanganaFarmers loan waiver scheme to be implemented by TS by August 15th

    Farmers loan waiver scheme to be implemented by TS by August 15th

    Related stories

    Release of Telangana State Anthem “Telangana Geetham” Imminent

    The government has finished working on the Telangana State...

    KTR accuses Cong government of hesitating on election pledges

    BRS working president K Tarakarama Rao criticized the Congress...

    People facing spelling difficulties under Revanth’s rule

    Former Minister and MLA T Harish Rao criticized Revanth's...

    ADC emphasizes the need for quick processing of Prajavani applications

    In Mulugu, District Additional Collector P Sreeja instructed officials...

    The state government in Hyderabad has decided to implement a farmers loan waiver scheme of up to Rs 2 lakh before August 15 this year. This promise was made by the ruling Congress party in their election manifesto during the recent Assembly elections.

    To ensure the timely implementation of the loan waiver scheme, authorities have begun drafting guidelines for it along with the Rythu Bharosa and crop insurance schemes. The government estimates that around Rs 35,000 crore will be needed to clear the farmers’ loans, and they are planning to establish a special body to oversee the implementation of the scheme. A meeting will soon be held with the state-level bankers committee to discuss various possibilities regarding the loan waiver.

    - Advertisement -
    Also read:  Medigadda to be the focus of Cabinet meeting

    In the past, the previous government had waived farm loans worth Rs 30,000 crore after promising to waive loans up to Rs 1 lakh. Eligible farmers will be identified through the state agriculture department, which will then submit a report to the Finance wing for budget approval by June. The finance department will finalize the schedule for clearing bank loans and complete the process by August.

    - Advertisement -
    Rajesh M
    Rajesh M
    Latest News from Hyderabad, Telangana, India & World!

    Follow us


    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at

    Latest stories


    Please enter your comment!
    Please enter your name here