Telangana Govt to spend Rs 31,000 crore to waive off farmer loans up to Rs 2 lakh

The Congress government in Telangana decided to waive loans of farmers to the tune of Rs 2 lakh by spending Rs 31,000 crore to implement its election promise today (June 21).  The decision to waive the farm loans in one go was taken at the state Cabinet meeting chaired by Chief Minister A Revanth Reddy. CM told media



after the Cabinet meeting that a decision was taken to waive farm loans taken between December 12, 2018 and December 9, 2023.

He also declared that the loans would be waived in one go, unlike the previous government of Bharat Rashtra Samithi (BRS) which waived loans of up to Rs 1 lakh in four instalments.