Telangana Government Announces Loan Waivers for Farmers
The Telangana government has taken a significant step to support farmers by announcing the disbursement of loan waivers under the fourth phase of its loan waiver scheme. As part of this initiative, ₹3,000 crore will be released today, benefiting 3 lakh farmers across the state. This decision is expected to bring much-needed relief to the farming community.
The timing of this announcement coincides with the grand conclusion of the Palamuru Festival, an event celebrating the region’s agricultural achievements. Chief Minister Revanth Reddy is set to attend the festival and address farmers and other stakeholders during a public meeting.
The loan waiver scheme has been implemented in phases, reflecting the government’s commitment to easing the financial burdens on farmers. With today’s disbursement, the total number of farmers who have received the benefits of this scheme in Telangana is expected to surpass 3 million. This milestone marks a significant effort towards boosting agricultural growth and improving the livelihoods of farmers in the state.
Chief Minister Revanth Reddy’s participation in the Palamuru Festival is also being seen as a gesture to strengthen the government’s bond with the farming community. He is expected to reiterate promises of continued support and unveil further developmental initiatives for the agricultural sector.
The government is optimistic that these efforts will enhance the financial stability of farmers, reduce their debt burdens, and contribute to the overall economic progress of Telangana. This initiative underscores the state’s dedication to fostering growth and prosperity in the agricultural sector.
