Telangana: Crop loan waiver process takes off

The government is going to waive off the loans of about 29.61 lakh farmers worth Rs 19,000 crore.

Hyderabad: As announced by Chief Minister K Chandrashekhar Rao, the process for implementation of the crop loan waiver programme got underway on Thursday.

Finance Minister T Harish Rao stated that the Finance Department has released Rs 237.85 crore on the first day, facilitating waiver of all loans in the range of Rs.37,000 to Rs.41,000 and benefiting 62,758 farmers.

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Further, the State government issued a budget release order for Rs 18,241 crore to waive off the loans of about 29.61 lakh farmers. Agriculture Minister S Niranjan Reddy thanked the Chief Minister on behalf of the beneficiary farmers.