The Telangana State government has set a deadline for completing the farmer loan waiver scheme in the second week of September. They will spend Rs 19,000 crore to waive all pending institutional loans taken by farmers in the state.
Chief Minister K Chandrashekar Rao has instructed officials to resume the farmer loan waiver program starting Thursday, August 3. The delay in implementing the scheme was caused by the economic slowdown from demonetization, the impact of the corona pandemic on the state’s economy, and the Centre’s failure to release FRBM funds, which contributed to the state fiscal deficit.
The government is committed to completing the farm loan waiver scheme and has already implemented other welfare schemes for farmers such as RythuBandhu, RythuBima, and free electricity. They have also initiated a program to set up food processing units for agricultural development. The government will continue to prioritize the welfare and empowerment of farmers until they are financially uplifted.
