Telangana launches second phase of crop loan waiver

Telangana chief minister A Revanth Reddy on Tuesday launched the second phase of the farm loan waiver scheme.

Under this phase, crop loans of up to Rs.1.5 lakh will be waived.

The chief minister launched the second phase at a programme held in the Assembly premises. Speaker Gaddam Prasad Kumar



adjourned the House for some time to enable legislators to participate in the event.

For the second phase, Rs 6,198 crores are being deposited in the bank accounts of 6.4 lakh farmers.

The chief minister said that under the first phase, Rs 6,035 crores were deposited in the bank accounts of 11.34 lakh farmers.