Telangana sets aside Rs 5,225 crore for crop loan waiver scheme

Finance Minister T Harish Rao, presenting the budget in the State Assembly on Thursday, said farms loans that did not exceed Rs 25,000 had already been waived.

Hyderabad: The Telangana State government has set aside Rs 5,225 crore towards crop loan waiver scheme in the 2021-22 budget to fulfill its 2018 poll promise.

Finance Minister T Harish Rao, presenting the budget in the State Assembly on Thursday, said farms loans that did not exceed Rs 25,000 had already been waived.

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“We had promised to waive crop loans up to Rs one lakh. There has been some little delay in extending the waiver to other farmers on account of Covid pandemic. Within a short period, these loans (above Rs 25,000) will also be waived,” he said.

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