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Telangana Government to secure paddy farmers interest, Waive off loan
Telangana Government to secure paddy farmers interest, Waive off loan

Telangana Government now came forward to secure paddy farmers interest and announced that the entire paddy produce would be picked up literally from their doorsteps. Let us share that in this context the State government has now begun the process for implementation of the second installment of crop loan waiver as promised by Chief Minister K Chandrashekhar Rao.

For your information let us share that the State government made budgetary allocation of Rs 5,225 crore for 2021-22 for the scheme, and officials have now begun working out the modalities to ensure that maximum number of farmers benefit from the scheme. Official sources said the government was inclined to implement the second model which will benefit the maximum number of farmers. The officials have already prepared separate lists of farmers who will benefit from the two models and made arrangements to deposit the amount directly into the bank accounts of farmers. Besides clearing the crop loan dues, the government is also paying interest against the crop loans until they are completely paid and thus, ensuring that farmers are not burdened with the interests.

However, here it is needed to share that keeping up his promise, the Chief Minister waived off crop loans of about 2.96 lakh farmers who had loans upto Rs 25,000. The State government spent Rs 408 crore towards this last year.

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