Telangana govt releases Rs 2,043 crore for loan waiver

The Telangana Government on Thursday released Rs 2,043 crore towards farm loan waiver.

During the election campaign, the TRS party had assured farmers that it would pay up to Rs one lakh for each eligible farmer towards farm loan repayment if the party comes to power.

The Government has planned to implement the scheme in a phased manner as there is Rs 17,000 crore due to banks from farmers.

Recently, the Government had sanctioned Rs 2,043 crore in the first phase and with the today’s allocation the government has met the half target.

The TRS leaders say that the Government would waive the remaining loans within two years.

Source: The Hans India

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