2 lakhs Crop Loan waiver in Telangana by August 15
In an effort to support farmers in Telangana, Chief Minister Revanth Reddy has announced that crop loans up to 2 lakhs Crop Loan waiver in Telangana by August 15. This decision underscores the government’s commitment to agricultural welfare and aims to alleviate the financial burden on farmers.
Government’s Directives for Loan Waiver Implementation
Chief Minister Revanth Reddy has instructed officials to develop comprehensive guidelines to facilitate the loan waiver process. The officials have been directed to prepare a list of farmers with loans up to Rs. 2 lakhs. Complete details of farmers’ loans must be collected from bankers to identify eligible beneficiaries accurately. The estimated cost of the loan waiver should be reported to the government for approval and allocation of necessary funds. Additionally, the Chief Minister emphasized taking precautions to avoid any issues related to the cutoff date for the loan waiver.
High-Level Review Meeting on Agricultural Policies
On Monday, the Chief Minister held a high-level review meeting with officials from the Agriculture and Cooperation departments to discuss crop loan waivers and other agricultural policies. The meeting was attended by Deputy Chief Minister Mallu Bhatti Vikramarka, Minister Thummala Nageshwar Rao, Chief Minister’s Advisor Vem Narender Reddy, Chief Secretary Shanti Kumari, Special Chief Secretary of Finance Ramakrishna Rao, and Agriculture Secretary Raghunandan Rao, among others.
During the meeting, Chief Minister Revanth Reddy reiterated the government’s commitment to the promises made during the election campaign. He urged officials to develop clear plans for the implementation of the loan waiver. He also stressed the importance of including details of loans taken not only from banks but also from Primary Agricultural Cooperative Societies (PACS).
Formation of Special Corporation for Loan Waiver
To ensure the smooth execution of the loan waiver scheme, a special corporation will be established. This corporation will be responsible for fund mobilization, setting the cutoff date, and addressing issues related to multiple loan recipients within a single family. The formation of this corporation is aimed at providing a structured approach to the loan waiver process, ensuring that all eligible farmers benefit without any delays or complications.
Discussion on Additional Agricultural Support Schemes
The meeting also included discussions on other crucial agricultural support schemes such as Rythu Bandhu and crop insurance. The government is keen on ensuring comprehensive support for farmers, covering various aspects of agricultural risk management. These initiatives are designed to provide financial stability to farmers, protect them from crop losses, and ensure their overall well-being.
Conclusion: A Step Towards Farmer Welfare
The Telangana government’s decision to waive crop loans by August 15 reflects its dedication to the welfare of farmers. By implementing this loan waiver, the government aims to reduce the financial stress on farmers, allowing them to focus on their agricultural activities without the burden of debt. The establishment of a special corporation to manage the loan waiver process further ensures that the scheme is executed efficiently and effectively. Through these measures, the Telangana government is taking significant steps to support its agricultural community and promote sustainable farming practices in the state.
