Telangana Chief Minister Revanth Reddy released loan waiver funds in a video conference at the Telangana Secretariat. The loan waiver covers debts up to one lakh rupees for around eleven and a half lakh farmers in the state.
A total of Rs 7,000 crores has been transferred to farmers’ accounts, providing relief to many struggling individuals. The news of the loan waiver has been celebrated by beneficiaries at Rythu vedikas who have been eagerly waiting for this financial help.
The government plans to clear arrears of Rs 1.5 lakh by the end of the month and up to 2 lakh by August 15th on behalf of the farmers. This move is seen as a significant support for the agricultural community in Telangana.
