Telangana Government is going to implement crop loan waiver scheme from July 18: below Rs 1 lakh
Hyderabad: Telangana Government is going to implement crop loan waiver scheme whose loans are below Rs 1 lakh on Thursday. The Government will release the first tranche of Rs 6,800 crore to farmers whose loans are below Rs 1 lakh.
Around 11 lakh farmers’ families will benefit from the scheme, said officials. Telangana Chief Minister A Revanth Reddy held a meeting with Ministers, MLAs and other party leaders in Praja Bhavan on Wednesday.
CM Revanth Reddy during the meeting announced that the Government would waive loans below Rs 1 lakh at 4 pm on Thursday. Loans between Rs 1 lakh and Rs 1.5 lakh will be waived by the end of July and the remaining in August, he added.
On this occasion the Government will organize in villages and mandals bike rallies on Thursday up to Rythu Vedikas where celebrations have to be organized. MLAs should participate in programmes in their respective constituencies. There should be a national-level discussion on loan waiver. No state in the country has spent Rs 31,000 crore on crop loan waiver, he said.
Before Assembly elections, Rahul Gandhi promised loan waiver up to Rs 2 lakh and we are implementing it. Revanth Reddy instructed the Congress MPs to mention in Parliament that the guarantee announced by Rahul Gandhi has been implemented.
Making it clear that all the farmer’s families will be extended a loan waiver, he said that even six lakh families without ration cards would be covered. No farmer would be left out, Bhatti said.