Agriculture experts feel that if the banks turn their back on farmers, they would be forced to approach private lenders which will in turn land them in a debt trap.
Only 80 farmers were covered by the initiative as against the total 448 farmers from another PACS at Chennur, while 40 farmers benefited from the scheme out of a total of 396 farmers of a PACS in Bheemini mandal centre.
Addressing a press conference at Telangana Bhavan here on Monday, Lakshmaiah pointed out that Revanth Reddy himself had admitted that around five lakh farmers are yet to receive Rythu Bandhu financial assistance.
He asked the Chief Minister if he would quit the post if he failed to waive off the crop loans by August 15 and also wanted a written assurance about the loans waiver.
