The Government of Telangana gave administrative sanction for the release of Rs 2019.19 crore towards the third installment of its crop loan waiver scheme.
“Government hereby accords administrative sanction for an amount of Rs 20,19,19,00,000 to the Commissioner of Agriculture, Telangana, Hyderabad, under Non-Plan from the Budget Estimate Provision 2016-17 towards meeting the expenditure for the second trenche amount of third installment under Crop Loan Waiver Scheme 2014,” a Government Order (GO) issued by the Agriculture Department said here.
The Government of Telangana had announced a waiver of about Rs 17,000 crore for agriculture loans to farmers in the state, a major promise of TRS in the 2014 Assembly elections. The decision was expected to benefit about 36 lakh farmers.
The state government had released Rs 4,250 crore of the as the first installment and released another Rs 4,250 crore in the second installment.
The government is expected to clear the pending dues of the scheme in the fourth and final installment.