Telangana Approves Rs 31,000 Crore Crop Loan Waiver for Farmers

Jun 22, 2024, 03:03 AM

The Telangana state cabinet has approved a significant proposal to waive up to Rs 2 lakh worth of crop loans per farmer. This decision, fulfilling a commitment by the Congress party, aims to benefit farmers with loans obtained between December 11, 2018, and December 9, 2023. The waiver, which is expected to be implemented by August 15, will cost the state government Rs 31,000 crore. Telangana Deputy CM Bhatti Vikramarka Mallu and Minister Komatireddy Venkat Reddy confirmed the decision after a recent cabinet meeting in Hyderabad. The waiver will be executed in one go.