TRS Government in Telangana has increased allocations in the Budget to implement all their election promises. Chief Minister K Chandrasekhara Rao who holds the Finance Ministry presented the Budget in the Assembly a little while ago. Pensions are increased according to the election promise.
While 4000 Crore is allocated for pensions the last year, it has gone up to 12067 Crore in this Budget. The newly introduced Unemployment Allowance is allocated for 1810 Crore. A new farmer loan waiver announced in the election manifesto is allocated 6000 Crore.
All agriculture loans till December 11th, 2018 up to the tune of One Lakh are waived. Rythu Bandhu which is 8000 per acre per annum (for Two Crops) is going to be increased to 10000 Rupees. 12000 Crore are allotted to this scheme. Raithu Bheema, the Five Lakh Insurance for Farmers is allocated 650 Crore.
