HYDERABAD: Fulfilling an assurance given during the 2018 assembly elections, the TRS government will waive off crop loans of up to Rs 50,000 of six lakh farmers from Monday onwards. This process will be completed by month end.
The government had already waived off crop loans up to Rs 25,000 of three lakh farmers. Now, with six lakh more crop loans to be paid by the government to the banks, nine lakh farmers would be relieved of crop loan burden.
Chief minister K Chandrasekhar Rao read out these details during his Independence Day speech here. “The government will also implement the loan waiver scheme in a phased manner for the remaining farmers whose loans range anywhere between Rs 50,000 and up to Rs 1 lakh.”
“The government is taking steps to establish rice mills and food processing industries in the nine combined districts except Hyderabad so that farmers get a better price for their agricultural produce. The TRS government is farmer-friendly and is doing everything to make agriculture a profitable sector,” he added.
New land administration policy and Dharani portal have been introduced to put an end to many of the land disputes continuing from one generation to the other. Even the VRO system has been removed, he said.
