Telangana Farmers Waived Off: Farmers in this state of India are going to get a big relief. The Congress-led government in Telangana has announced a loan waiver keeping in mind the economic problems of the farmers. A Revanth Reddy, Chief Minister of the South Indian state of Telangana, has said that a loan waiver of Rs 2 lakh will be implemented soon. In a press conference held after the state cabinet meeting, the Congress government of Telangana has announced a loan waiver. During the conversation, CM Revanth Reddy said that all the farmers who have taken a loan of up to Rs 2 lakh between 2018 and 2023 will be forgiven in one go.
Chief Minister Revanth Reddy on Friday said the Cabinet has decided to waive loans up to Rs 2 lakh taken by farmers in the state for a period of five years from December 12, 2018 to December 9, 2023. The CM said details of the loan waiver, including eligibility conditions, would be announced in a Government Order (GO) soon.
Telangana Chief Minister A Revanth Reddy on Friday said that the loan waiver of Rs 2 lakh for farmers will be implemented soon. After the state cabinet meeting, CM Reddy said that farmers who have taken loans up to Rs 2 lakh between December 11, 2018 and December 9, 2023 will get a one-time waiverโฆ pic.twitter.com/JorGm5hD7S
โ IANS Hindi (@IANSKhabar) June 22, 2024
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How much financial burden will be caused by loan waiver
The loan waiver of the state’s farmers will put a huge burden on the treasury of the Telangana government. CM Reddy said that the loan waiver will put a burden of about Rs 31,000 crore on the state treasury. He alleged that the previous BRS government had put farmers and agriculture in trouble by not honestly implementing its promise of loan waiver of Rs 1 lakh. The Chief Minister said that his government is fulfilling its election promise of agricultural loan waiver of Rs 2 lakh.
Congress fulfilled the promise of loan waiver
In a post on the social media platform X, the Congress party said that Rahul Gandhi had promised loan waiver to the farmers of Telangana in Warangal on May 6, 2022. Today the Congress government of the state fulfilled this promise.
Many congratulations to the farmers of Telangana ๐๐
Now your loan up to Rs 2 lakh has been waived off.
Jananayak Rahul Gandhi ji had promised loan waiver to the farmers in Warangal on 6 May 2022.
Today your Congress government fulfilled this promise.
we do what we say
We are the Congress pic.twitter.com/hv0AlMxcYs
โ Congress (@INCIndia) June 22, 2024
In the Telangana assembly elections, Congress had defeated BRS badly and gained power and made A Revanth Reddy the CM. Now the Congress-led state government has announced loan waiver.
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Earlier, the Congress-supported Jharkhand government had announced loan waiver keeping in mind the economic problems of the farmers of the state. State Chief Minister Champai Soren had said that his coalition government would waive agricultural loans of up to Rs 2 lakh of farmers. Along with this, the free electricity quota will be increased to 200 units. For this, he had asked many banks to submit proposals. According to CM Champai Soren, by March 31, 2020, loans of farmers ranging from Rs 50 thousand to Rs 2 lakh will be waived through one-time settlement.