The Telangana government is set to fulfill a significant electoral promise with the launch of a farm loan waiver programme, benefiting approximately 70 lakh farmers across the state. Scheduled for implementation by Chief Minister A Revanth Reddy, the scheme aims to waive loans up to Rs 2 lakh by August 15. This initiative, aimed at alleviating financial burdens on farmers, will see the initial disbursement of funds up to Rs one lakh deposited directly into farmers’ accounts at 4 pm on Thursday.
BulletsIn
- The farm loan waiver programme aims to benefit 70 lakh farmers in Telangana.
- Chief Minister A Revanth Reddy announced the initiative, fulfilling an electoral promise.
- Loans up to Rs 2 lakh per farmer will be waived by August 15.
- Initial disbursement of funds, up to Rs one lakh, will occur at 4 pm on Thursday.
- Rs 7,000 crore is allocated for the first phase of the loan waiver, benefiting loans up to Rs one lakh.
- Loans up to Rs 1.5 lakh will be waived by the end of July.
- The entire loan waiver process will conclude by August, covering loans up to Rs two lakh.
- ‘Rythu Vedikas’ gatherings will celebrate beneficiaries of the scheme, involving public representatives.
- Deputy CM Mallu Bhatti Vikramarka will meet with bankers to coordinate the scheme’s execution.
- Additional support includes dedicated officers to address district-level queries and ensure smooth implementation.
