Mr Rao said the state government would support farmers till their situation improves.
Coastal Local Area Bank Ltd. came forward to provide electronic Negotiable Warehouse Receipt financing to these farmers at the event.(Reprsentational image)
Hyderabad: The Telangana state government has fixed Rs 1 lakh ceiling for loan waiver for farmers.
Chief Minister K Chandrasekhar Rao said in the Assembly on Friday that the state government would waive all agriculture term loans up to Rs 1 lakh outstanding as on December 11, 2018, the day on which the Telangana Assembly results were announced, bringing the TRS back to power. Mr Rao said the state government would support farmers till their situation improves.
Mr Rao had promised the loan waiver during the 2018 Assembly elections. For the 2019-20 financial year, the state government has made a budget provision of Rs 6,000 crore, which will benefit 50 lakh farmers.
( Source : Deccan Chronicle. )
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