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TelanganaCrop loan waiver of up to Rs 50k from Monday: CM KCR

Crop loan waiver of up to Rs 50k from Monday: CM KCR

Published: 15th Aug 2021 7:40 pm

Hyderabad: Crop loan waiver of up to Rs 50,000 will commence from Monday benefiting over six lakh farmers in the State, Chief Minister K Chandrashekhar Rao said here on Sunday.

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“This process will be completed by the end of this month. The State government is implementing the loan waiver scheme in a phased manner for the remaining farmers. Following an assurance given during elections, the State government has already waived crop loan of up to Rs.25,000 to three lakh farmers,” the Chief Minister said.

In all, nine lakh farmers will be relieved from loan burden. With the aim of getting more remunerative price for the crops grown by farmers and for providing addition benefits to them, the State government was taking steps to establish rice mills and other food processing industries within the premises of erstwhile nine districts except Hyderabad.

“It is the ambition of TRS government to get a better price for the agriculture produce of farmers and to enrich their livelihood,” the Chief Minister said.

Thanking Chief Minister for waiving of the crop loans up to Rs.50,000, Agriculture Minister S Niranjan Reddy said a trial run on waiving loans between Rs.25,000 and Rs.25,100 was conducted on Sunday. He said necessary steps were taken to transfer the amount into accounts of farmers.

“We are following the process adopted in the Rythu Bandhu scheme for the online waiving of crop loan of Rs.2005.85 crore,” he said. Since 2014, the Chief Minister continued to strive for the welfare of farmers who faced several problems during undivided Andhra Pradesh.

“Telangana is now the rice bowl of India and the credit would go to the Chief Minister,” he said, adding that the Chief Minister has set Telangana a role model in adopting alternative crops. As many as 2.96 farmers were benefited after crop loans up to Rs.25,000 was waived of in 2018.

The State government spent Rs.408.38 crore on crop loan waiver in 2018, the Minister added.


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