Finance department faces herculean task of raising resources to fulfil crop loan waiver
6 months, 4 weeks ago

Finance department faces herculean task of raising resources to fulfil crop loan waiver

The Hindu  

The Finance department is faced with a herculean task of mobilising huge funds required for crop loan waiver up to ₹2 lakh for all eligible farmers across the State. With Chief Minister A. Revanth Reddy directing the officials to prepare a comprehensive road map for crop loan waiver, a promise made by the Congress in the run up to the Assembly elections, the Finance department officials embarked on the methodology that should be adopted to raise resources for fulfilling the same. Implementation of crop loan waiver will sure be a challenging task for the government given the financial constraints it has been facing. The State government has raised ₹8,000 crore market borrowings during the first two months of the current financial year leaving scope for raising another ₹8,000 crore before this month end, according to the indicative calender of borrowings submitted to the RBI.

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History of this topic

Third phase of crop loan waiver to be launched in Telangana's Wyra
5 months ago

Third phase of crop loan waiver to be launched in Telangana's Wyra

New Indian Express  

HYDERABAD: Agriculture Minister Thummala Nageshwara Rao said that the government is planning to release the third tranche of funds for the crop loan waiver scheme on August 15. Speaking to reporters at the Secretariat on Tuesday, the minister also said that there is a plan to hold a public meeting on August 15 in Wyra of Khammam district where Chief …

Farm Loan Waiver Hype is with an Eye on Ensuing Local Body Elections: Bandi
5 months, 3 weeks ago

Farm Loan Waiver Hype is with an Eye on Ensuing Local Body Elections: Bandi

Deccan Chronicle  

Hyderabad: Union minister of state for home Bandi Sanjay Kumar demanded that the Congress government in the state waive crop loans up to Rs.2 lakh without laying conditions, as it had promised during the Assembly elections. In a statement here on Thursday, Sanjay asked the Congress about Rythu Bharosa for the rabi and kharif seasons and setting pre-conditions and cutting …

Debt relief commission a necessity across India
5 months, 3 weeks ago

Debt relief commission a necessity across India

New Indian Express  

True to its word, the Congress government in Telangana has begun waiving crop loans, with over 11 lakh farmers getting relief of up to Rs 1 lakh on Thursday. It is a bold move by Chief Minister A Revanth Reddy to waive loans in such a short span, unlike the previous BRS government that did it in phases between 2014 …

Will waive farm loans and complete pending projects soon: Uttam Kumar Reddy
5 months, 3 weeks ago

Will waive farm loans and complete pending projects soon: Uttam Kumar Reddy

The Hindu  

Irrigation Minister N. Uttam Kumar Reddy reiterated that the Congress government in Telangana would waive off the crop loans up to ₹2 lakh by August 15 at any cost while assuring that the government was committed to completing all pending irrigation projects with minimal investment to increase the ayacut. He criticised the previous BRS regime for wasting public money on …

Telangana finalising guidelines for crop loan waiver scheme
6 months, 1 week ago

Telangana finalising guidelines for crop loan waiver scheme

Hindustan Times  

The Congress government in Telangana is finalising guidelines for the implementation of crop loan waiver scheme, aimed at waiving all kinds of crop loan arrears of farmers up to ₹2 lakh at one go, people familiar with the matter said. The chief minister announced that the state government was working out the plan of action for mobilisation of finances for …

Telangana Cabinet Okays Rs 2 Lakh Crop Loan Waiver With Rs 31,000-Cr Spend
6 months, 2 weeks ago

Telangana Cabinet Okays Rs 2 Lakh Crop Loan Waiver With Rs 31,000-Cr Spend

Deccan Chronicle  

Hyderabad: The Telangana Cabinet on Friday approved a proposal to waive up to Rs 2-lakh worth of crop loans for each farmer in the state by August 15, fulfilling yet another promise made by the Congress ahead of the Assembly elections in November 2023. Addressing a press conference at the Secretariat after the Cabinet meeting, Chief Minister A. Revanth Reddy …

Telangana Govt faced with twin challenges of implementing crop loan waiver and crediting Rythu Bharosa kharif instalment
6 months, 3 weeks ago

Telangana Govt faced with twin challenges of implementing crop loan waiver and crediting Rythu Bharosa kharif instalment

The Hindu  

Telangana government is faced with the twin challenges of fulfilling the promise of crop loan waiver upto ₹2 lakh to farmers and crediting the amounts under Rythu Bharosa, the Farmers’ Investment Support Scheme, in the next couple of months. While the government is mulling various options for raising resources to ensure crop loan waiver, implementation of the Rythu Bharosa will …

I-T payers may be excluded from crop loan waiver in Telangana
6 months, 4 weeks ago

I-T payers may be excluded from crop loan waiver in Telangana

New Indian Express  

HYDERABAD : In order to implement the crop loan waiver scheme by August 15, as promised by Chief Minister A Revanth Reddy, officials are formulating the guidelines and modalities. The chief minister recently directed the officials of the Agriculture and Finance departments to prepare plans for implementation of the loan waiver within the deadline as per his promise made to …

Govt. intensifies efforts to fulfil its promise of ₹2 lakh crop loan waiver by August 15
6 months, 4 weeks ago

Govt. intensifies efforts to fulfil its promise of ₹2 lakh crop loan waiver by August 15

The Hindu  

The State government has intensified its efforts to mobilise financial resources for fulfilling the Congress’ election promise of crop loan waiver up to ₹2 lakh to farmers by August 15, coinciding with the Independence Day. The government has commissioned an elaborate exercise to finalise the guidelines to ensure that all eligible farmers are covered under the crop loan waiver. The …

Ensure crop loan waiver by August 15 at any cost, CM Revanth tells officials
7 months ago

Ensure crop loan waiver by August 15 at any cost, CM Revanth tells officials

The Hindu  

Emphasising the urgency of ensuring crop loan waiver ‘at any cost’ by August 15, a poll promise made by the Congress before the Assembly elections, Chief Minister A. Revanth Reddy has instructed officials concerned to meticulously compile data on farmers with crop loans up to ₹2 lakh by acquiring complete and accurate information from both full-fledged banks and Primary Agricultural …

Officials told to explore options to implement crop loan waiver up to ₹2 lakh
7 months, 3 weeks ago

Officials told to explore options to implement crop loan waiver up to ₹2 lakh

The Hindu  

The Congress government in Telangana, headed by Chief Minister A. Revanth Reddy, has started exploring options for fulfilling one of its key promises waiver of crop loans up to ₹2 lakh. The Chief Minister, who convened a meeting with senior officials on Wednesday, reiterated his commitment to complete loan waiver up to ₹2 lakh by August 15. As the State …

Funds for crop loan waiver on Monday: Harish
1 year, 4 months ago

Funds for crop loan waiver on Monday: Harish

Deccan Chronicle  

HYDERABAD: Finance Minister T.Harish Rao on Saturday said the state government would release funds for the crop loan waiver scheme of up to ₹1 lakh each for farmers at one go on Monday. On August 2, Chief Minister K. Chandrashekar Rao announced the implementation of the pending crop loan waiver scheme that was promised during the 2018 December Assembly polls …

Crop Loan Waiver Scheme Runs it into Hiccups
1 year, 5 months ago

Crop Loan Waiver Scheme Runs it into Hiccups

Deccan Chronicle  

Hyderabad: Farmers who had repaid their crop loan on their own and had closed the account have not got the benefit of crop loan waiver that was announced recently. The State Cabinet on July 31 approved implementation of the pending aspect of the scheme from August 3 to clear crop loans up to Rs Rs 1 lakh for an overall …

TS Cabinet Likely to Act on Loan Waiver, Hikes
1 year, 5 months ago

TS Cabinet Likely to Act on Loan Waiver, Hikes

Deccan Chronicle  

HYDERABAD: All eyes are on the state Cabinet meeting slated for Monday which is expected to firm up decisions to dole out sops to various sections ahead of the Assembly elections. It is expected to take a decision on the pending crop loan waiver scheme; constituting a pay revision commission to hike salaries and pensions; employees health scheme; pay hike …

Cabinet meet to explore options for raising additional resources
2 years, 5 months ago

Cabinet meet to explore options for raising additional resources

The Hindu  

The State Cabinet is to meet on August 11 primarily to discuss the modalities involved in raising additional resources to cater to the financial commitments on account of various welfare and developmental programmes being implemented by the government. But the primary focus will be on mobilising resources to meet requirements for schemes like Rythu Bandhu, Dalit Bandhu, recently launched Nethanna …

Committed to cover all farmers in State under loan waiver scheme: Maharashtra Government
3 years ago

Committed to cover all farmers in State under loan waiver scheme: Maharashtra Government

The Hindu  

The Maharashtra Government on Friday told the Legislative Assembly that it was committed to cover all the farmers in the State under its loan waiver scheme, saying its implementation took a backseat due to the COVID 19 pandemic. Replying to a discussion on the issue during the Question Hour, Deputy Chief Minister Ajit Pawar said that ₹31.81 lakh farmers are …

Loan moratorium: Crop, tractor loans not part of interest-on-interest waiver scheme, Centre clarifies
4 years, 2 months ago

Loan moratorium: Crop, tractor loans not part of interest-on-interest waiver scheme, Centre clarifies

India TV News  

Agriculture and allied activity loans are not eligible for the interest on interest waiver announced by the government last week, the finance ministry has clarified. Issuing additional frequently asked questions on the 'scheme for grant of ex-gratia payment of the difference between compound interest and simple interest', it said credit card dues outstanding as on February 29 would be considered …

Govt. tells Collectors, banks to ensure transparent loan waiver
5 years ago

Govt. tells Collectors, banks to ensure transparent loan waiver

The Hindu  

Chief Minister Uddhav Thackeray on Friday instructed banks and District Collectors to ensure that only crop loans of farmers are waived under the Mahatma Phule farm loan waiver scheme and no other loan is added to the list. According to sources within the Chief Minister’s Office, the directions were issued to ensure transparency, anticipating the possibility of banks including other …

Maha Vikas Aghadi’s Common Minimum Programme resembles UPA-era socialist budgets; makes all the right noises but implementation key
5 years, 1 month ago

Maha Vikas Aghadi’s Common Minimum Programme resembles UPA-era socialist budgets; makes all the right noises but implementation key

Firstpost  

The recently-announced Common Minimum Programme of the Maha Vikas Aghadi, or the Shiv Sena-NCP-Congress alliance, reads like a hurriedly rewritten socialist budget that used to be common during the UPA years. The CMP promises too much for the farmer, giving an upfront assurance on an immediate farm loan waiver, tweaking of the crop insurance scheme, remunerative prices for farm produce …

Job quotas, loan waivers and now UBI promise: Will Union Budget 2019 halt wave of populist announcements?
5 years, 11 months ago

Job quotas, loan waivers and now UBI promise: Will Union Budget 2019 halt wave of populist announcements?

Firstpost  

A series of populist policies may help the politicians to win elections but they are certainly doing a disservice to the nation in the long-term. Ahead of the 2019 Union Budget, speculations are rife in the media on what’s likely to be the trump card of the Narendra Modi government in its final Budget, which is also a pre-election Budget. …

Farm loan waivers against economic principles, cannot effectively address agrarian distress: ADB India chief
5 years, 11 months ago

Farm loan waivers against economic principles, cannot effectively address agrarian distress: ADB India chief

Firstpost  

Yokoyama also advocated for direct transfer of funds to targeted beneficiaries as it would cut down leakages. New Delhi: Joining the debate on farm loan waivers, Asian Development Bank Country Director Kenichi Yokoyama Friday said such write-offs were against economic principles and cannot effectively address the agrarian distress. On farm loan waiver, he said most of the people are sceptical …

After farm loan waivers, fund crunch for Rajasthan, Chhattisgarh, Madhya Pradesh
6 years ago

After farm loan waivers, fund crunch for Rajasthan, Chhattisgarh, Madhya Pradesh

Hindustan Times  

The newly formed Congress governments in Madhya Pradesh, Rajasthan and Chhattisgarh may not have adequate fiscal space or funds left to implement other poll promises in the current financial year after announcing farm loan waivers, according to officials in the three states. Rajasthan followed suit two days in line with Congress chief Rahul Gandhi’s poll promise of waiving farm loans …

Centre likely to announce farm loan waivers to win back rural voters after BJP's debacle in Assembly Elections 2018
6 years ago

Centre likely to announce farm loan waivers to win back rural voters after BJP's debacle in Assembly Elections 2018

Firstpost  

Narendra Modi’s government is likely to announce loan waivers worth billions of dollars to woo millions of farmers ahead of a general election. New Delhi: Prime Minister Narendra Modi’s government is likely to announce loan waivers worth billions of dollars to woo millions of farmers ahead of a general election, government sources said, after his ruling party suffered a rural …

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