After dodging for over four years, Telangana chief minister K Chandrasekhar Rao on Wednesday announced the resumption of the farmer loan waiver programme with effect from Thursday.
The announcement comes weeks after Congress leader Rahul Gandhi came up with the farmers’ declaration in Telangana, announcing crop loan waiver scheme for the farmers in distress.
KCR, who held a meeting with the officials, said the scheme could not be implemented due to economic slowdown caused by the centre’s decision of the demonetization, impact of Corona pandemic on the state economy, vindictive attitude adopted by the centre towards Telangana state by not releasing the FRBM funds etc.
“Now that the state’s economic conditions have improved, the crop loan waiver scheme is being restarted,” he said and announced release of Rs 19,000 crore for the waiver of pending farm loans.
He ordered Finance Minister Harish Rao and Secretary Ramakrishna Rao to resume this programme from Thursday.
He wanted that the the farmer loan waiver programme be completed by September second week on the lines of Rythu bandhu benefit deposited in the farmers bank accounts directly in phased manner.
