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 the crop loan waiver and the guidelines would be framed by the first week of July. While the loans taken by the farmers for horticulture crops also would be waived, those farmers who had taken loans by mortgaging gold would not be eligible for the loan waiver scheme. The state government will follow the guidelines prepared by the State Level Bankers Committee in identifying the real beneficiaries of crop loan waiver scheme, based on the pattadar passbooks pledged by them with the banks.

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