Standing the financial burden on the State’s exchequer due to prolonged lockdown due to the pandemic, Telangana has secured the welfare of the farmer by ensuring that sufficient and timely farm loans are issued. While the State level bankers meeting set a target of Rs 31,936 crore as farm loans for the Vaanakalam, Rs 11,093 crore has been disbursed as on Tuesday. It was only Rs 10,580 crore last year by the end of July.
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Addressing media on Tuesday, Agriculture Minister Singireddy Niranjan Reddy said that the Cooperative banks on the other hand have sanctioned loans amount worth Rs 1516.88 crore so far. “It was only Rs 1296 crore last year. While 11,77,326 farmers have availed loans last year this year the number increased to 12, 97,267,” he quoted adding that the farmers were given more loans when compared to the Vaanakalam season of earlier years.
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Countering certain media reports alleging lack of farm loans, the Minister said that the Telangana government stood behind the farmer even during the peak stage of Covid-19. “The State lost revenue of Rs 50,000 crore but we have distributed Rs 7251 crore to farmers under the Rytu Bandhu scheme. Every single grain produced by the farmer was procured by going to their doorsteps at a cost of Rs 30,000 crore and farmers obeying the direction of the Chief Minister implemented the regulated cropping pattern suggested by the experts,” he was quoted saying.
