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.
“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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