Telangana releases funds for loan waiver

The State government will deposit Rs 1,198 crore in the accounts of 5.5 lakh farmers in the State whose loans of up to Rs 25,000 have been waived. Chief Minister K Chandrashekhar Rao, briefing the media about Cabinet decisions here on Tuesday, said the amounts would be deposited on Wednesday.

Assuring that the Rythu Bandhu scheme would continue as long as he was alive and the TRS in power, the Chief Minister said that Rs 7000 crore would be spent on benefit schemes for farmers in the coming Vaanakalam season. He said Telangana was one of the three States in the



country that offered free power to the farming sector. He said the government would also continue with other welfare schemes such as Aasara pensions to the poor.

“We are procuring all the grain from the farmers because of the lockdown. Farmers will have to chose suitable crops that have high demand from the coming season,” he advised. As all the rural areas of the State will soon get into the green zone, I will soon visit the villages when preparations for the monsoon crops will be underway,” he said.