Telangana Government to credit ₹1 lakh into loan accounts of farmers under Crop Loan Waiver Scheme 2024
5 months ago

Telangana Government to credit ₹1 lakh into loan accounts of farmers under Crop Loan Waiver Scheme 2024

The Hindu  

As the stage is being set for the roll put of the crop loan waiver scheme, Telangana Government is making necessary arrangements to credit the amounts into loan accounts of farmers in different banks. ₹31,000 crore additional burden The total additional burden on the State exchequer on account of loan waiver up to ₹2 lakh, in Chief Minister A. Revanth Reddy’s own words, is around ₹31,000 crore. Source of funds for the crop loan waiver scheme The Government reportedly mobilised the required amounts through the open market borrowings as well as the savings that accrued through rationalisation of spending as well as cutting down on the wasteful expenditure as assured by the Finance Minister in his budget address. The Government is reportedly looking at other alternatives to tap the resources as the Chief Minister is reportedly particular that loan waiver up to ₹2 lakh should be implemented at one go by August 15.

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