Telangana: CM Revanth Reddy announces to waive farm loans of up to Rs 2 lakh by August
July 28, 2024 23:11 ISTTelangana CM Revanth Reddy also hit out at the BRS and asked his party workers to prepare for local body elections to be held this year.
Telangana CM Revanth Reddy also hit out at the BRS and asked his party workers to prepare for local body elections to be held this year.
Earlier a farm loan waiver of Rs 2 lakh was promised by the Revanth Reddy government during the state assembly elections. However, the amount has been slashed to half in the latest announcement.
CM Revanth Reddy said the Cabinet Sub-Committee to hold discussions with all stakeholders including farmer groups, agriculture workers and political parties to prepare a report. The Sub-Committee will submit a report to govt by July 15.
Chief Minister Amarinder Singh cleared the 1.15 lakh more cases for debt waiver amounting to Rs 580 crore, with certificates to be disbursed to farmers across the state before January 31.
According to the CM, the waiver will help all debt-ridden farmers and small and marginal ones entirely. He also said that the loan waiver will put a burden on the state treasury.
Naidu’s remarks come days after Finance minister Arun Jaitley ruled out Central funding for any state's farm loan waiver and said that the Centre will adhere to fiscal targets.
The scheme provides for short-term loan of up to Rs 3 lakh to farmers at a subsidised interest rate of 4 per cent for prompt repayers
A day after Uttar Pradesh Chief Minister Yogi Adityanath announced crop loan waiver up to Rs 1 lakh, Maharashtra Chief Minister Devendra Fadnavis today said the state government will study the UP model of farm loan waiver worth Rs 36,000 crore.
The issue of loan waiver of farmers in Uttar Pradesh will be on top of the agenda when Chief Minister Yogi Adityanath chairs the first cabinet meeting of his government tomorrow.
Uttar Pradesh government today said it was mulling various options, including raising loan to meet additional burden on the exchequer, to fulfill BJP's commitment to waive debts of small and marginal farmers.
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