On Independence Day, Telangana Chief Minister KCR's Gift To Farmers
NDTV
Telangana Chief Minister K Chandrasekhar Rao said farmers who took loan of less than Rs 1 lakh will be freed from debt burden and has ordered to repay loan amount upto Rs 99,999 to the banks.
On the eve of Independence Day, Telangana Chief Minister K Chandrasekhar Rao has announced full waiver of farmer loans upto Rs one lakh with immediate effect, to fulfill the promise he made on the eve of state elections in 2018.
The Chief Minister said farmers who took loan of less than Rs 1 lakh will be freed from debt burden and has ordered to repay loan amount upto Rs 99,999 to the banks.
Special Chief Secretary to Finance, Ramakrishna Rao issued instructions in this regard on Monday. The Chief Minister said money will be deposited in the banks immediately on behalf of the farmers. On the instructions of Chief Minister KCR, the finance department released Rs 5,809.78 crore on behalf of 9,02,843 farmers on Monday. The released amount will be deposited in the farmers accounts in the banks under loan waiver.
