Hyderabad: Chief Minister K. Chandrasekhar Rao on Sun-day announced that the state government has decided to hand over the first installment amount of the farm loan waiver scheme directly to the farmers instead of paying it to the banks as was done in the first term of the TRS government.
While replying to the debate on the Appropri-ation Bill, Mr Rao appealed to eligible farmers from the floor of the Assembly to make their re-payments with their own money as per their schedule so that interest would not be accumulated for their loans and that the government would release the first installment soon and the eligible farmers will be intimated about the date of the direct payment of the first installment.
Mr Rao reminded the house that the state government has waived loans up to Rs 1 lakh to the farmers in their first term through four instalments. Similarly, this term also they would clear Rs 1 lakh loans of the each of the farmers in four installments. He said that for the loan waiver scheme, the state government has allocated Rs 6000 cro-re in the 2019-20 budget.
Referring to the demand of the CLP leader Bhatti Vikram-arka that the government extend the Rythu Bandhu scheme to tenant farmers, Mr. Rao made it clear that he had already declared that the benefit will not extend to tenant farmers and that the TRS remains a government committed primarily to farmers.