kcr-loan-waiver

Telangana Government has released orders for the promised Loan Waiver to farmers up to the extent of One Lakh per family. Chief Minister K Chandra Sekhar Rao has approved the Ministerial sub-committee of loan waiver up to 17000 Crore. The government also released 4250 Crores for the first phase of loan waiver. The Chief Minister also announced that government is in talks with the banks to renew farmers loans and will also make sure farmers do not lose insurances to their crops.

KCR said that it is the achievement of his government to take the decision so quickly and make sure that farmers pay 12% fines. The sub committee will sit with the bankers tomorrow for deciding the next step. This move of the TRS government will put immense pressure on TDP government across the other Telugu state which also made similar but bigger promise during the last elections.