Hyderabad: The Telangana state cabinet on Friday decided to waive-off all the crop loans up to Rs 2 lakh (per farmer) that were taken between December 12, 2018 and December 9, 2023. Chief Minister A Revanth Reddy who chaired the cabinet meeting, said that the total estimated funds required to waive-off all the crop loans was coming to Rs 31,000 crore.
The decision was taken during an cabinet meeting that was held at the state secretariat. Briefing the media after the cabinet meeting, Revanth Reddy said that all the cabinet members have approved the eligibility criteria and other regulations for waiving-off crop loans, which would be issued in a government order soon.
He pointed-out that while the previous BRS government had waived-off Rs 16,000 crore in its first term, and Rs 12,000 crore in its second term as part of its crop loan waiver assurance, the Congress government is waiving-off all the crop loans up to Rs 2 lakh at one go, by bearing the total burden of Rs 31,000 crore.
He also said that a cabinet sub-committee chaired by Deputy chief minister Mallu Bhatti Vikramarka, Agriculture minister Tummala Nageswara Rao, chairman of the party’s manifesto committee D Sridhar Babu and revenue minister Ponguleti Srinivas Reddy has been constituted to work out the modalities with regard to the eligibility of beneficiaries and other aspects of Rythu Bharosa crop input financial assistance scheme.
This cabinet sub-committee will be submitting its report by July 15, and that report will be tabled in the Telangana Assembly during the coming budget session.
Revanth Reddy also announced that in order to give credible information to the media and to prevent flow of false information, the Congress government has decided to make two ministers namely Revenue minister Ponguleti Srinivas Reddy and IT & Industries minister D Sridhar Babu as the points of contact for media, to get any information.
“They will be always accessible to the media. They will be briefing the media on any government’s decisions from now onwards. Only the information given by them is official,” he stressed.
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