CM Revanth Reddy announces to waive farm loans of up to Rs 2 lakh by August

Telangana Chief Minister A Revanth Reddy on Sunday said that the state government would waive off the farm loans of up to Rs 2 lakh by August. The announcement comes ahead of the local body elections in the state. Speaking at a public meeting at Kalwakurthy, Nagarkurnool, Telangana CM Reddy said, "We have already waived farm loans up to Rs 1 lakh. Farm loans up to Rs 1.50 lakh will be waived by July 31. A total loan waiver of Rs 2 lakh will be completed by August."

Meanwhile, he also took a swipe at the BRS saying that their agony after losing power was visible. "People will reject the opposition in panchayat polls. I appeal to all Congress



activists to get ready for the upcoming local body elections", Reddy added. 

Reddy said that the funds were sanctioned for the construction of guest houses and roads in Kalwakurthi. "Sanctioned Rs 10 crore to improve facilities in government schools in Madgula mandal. Developed road network from all village panchayats to mandal centres in the constituency. Developed four lines of roads between Kalwakurthi and Hyderabad. We will develop Kandra School with Rs. 5 crores, where I studied, and also set up Young India Skill University in the Mucherla area on August 1. The Skill University is being developed on 50 acres with Rs. 100 crores", Reddy said.