Telangana government has waived the loans of 22 lakh farmers. For this, the government has waived the loans of farmers in 3 phases. This will put a burden of about Rs 18 thousand crores on the government treasury.
New Delhi. The government has taken a big step to provide relief to farmers from the burden of debt. For the second phase of loan waiver, the amount for each farmer has been doubled. About four and a half lakh farmers will benefit from this and the government will also be burdened with Rs 5.6 thousand crores. The government intends that farmers should not face any problem due to crop loss or inability to repay the loan due to other reasons and their outstanding debt should be waived off. The benefit of loan waiver will be given only to small farmers.
This scheme of loan waiver for farmers has been brought by the Telangana government. The Telangana government on Thursday started the third and final phase of crop loan waiver at a cost of Rs 5,644.24 crore, which will benefit more than 4.46 lakh farmers. As per its election promise, the Congress government started the process of waiving loans up to Rs 2 lakh in three phases from July 8. In the first phase, agricultural loans up to Rs 1 lakh were waived.
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12 thousand crores waived off so far
According to the data released by the government, Rs 6,098.93 crore was spent in the first phase, which benefited 11,50,193 farmers. Whereas, Rs 6,190.01 crore was spent in the second phase, which helped 6,40,823 farmers. In this way, agricultural loans worth more than Rs 12,150 crore have been waived so far and if another Rs 5.6 thousand crore is added, then loans worth about Rs 18 thousand crore are being waived.
How many farmers benefited in total
Under the scheme, lakhs of farmers in Telangana state have benefited so far. If the third phase is also completed, then the loans of more than 22 lakh farmers will be waived off. In this way, the government treasury will be burdened with about Rs 18 thousand crore. However, only loans up to a maximum of Rs 2 lakh will be waived under the scheme.
promised in the election
Telangana Chief Minister A Revanth Reddy in Vyara of Khammam district said that crop loan waiver is being implemented as per the promise made by Leader of Opposition in Lok Sabha Rahul Gandhi in the year 2022. Reddy also targeted the opposition Bharat Rashtra Samiti (BRS) during this time and reminded BRS MLA T Harish Rao of his challenge to resign. He said that Rao should resign as the Congress government has fulfilled its promise of crop loan waiver of Rs 2 lakh.
Tags: Business news, Farmer’s income doubled, Farmer’s Loan
FIRST PUBLISHED : August 16, 2024, 11:48 IST
