Telangana cabinet decides to waive off farm loan upto Rs 2 lakh

HYDERABAD: Telangana cabinet on Friday approved the farm loan waiver scheme and also decided to appoint a cabinet sub committee to ensure transparent implementation of Rythu Bharosa.

In addition to the six guarantees, the Congress government in Telangana had faced a challenge to carry out another significant promise from the previous year's Assembly polls: waiver of farm loans and an increase in Rythu Bharosa to Rs 15,000.

Apart from six guarantees, the Congress manifesto in the last year Assembly polls had promised waiver of farm loans up to Rs 2 lakh to each farmer while increasing the Rythu Bandhu benefit to Rs 15,000 in a year from the present Rs 10,000, besides bringing tenant farmers under the purview of the scheme.

Farmers responded strongly to the Congress's promise to implement farm loan waiver, among other measures, that had helped the party form the government for the first time 10 years after the state was created.

The state chief minister A Revanth Reddy at every rally during the just concluded Lok Sabha polls had assured the Rs 2 lakh farm loan waiver at one go before August 15, swearing on gods.

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