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Govt Waives Another 25% Crop Loan

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In a significant development, the Telangana Government today issued orders releasing Rs 2,043 crore towards crop loan waiver, according to the information.
With this, the KCR government has so far cleared decks for waiving off 50 per cent of the loans to the farmers. It may be noted here that Chief Minister K Chandrasekhar Rao reiterated that he would extend a helping hand to the farmers and kept the promise to a half extent. This step by the government is a major reprieve for the farming community in the State awaiting timely succor.
Some three weeks ago, the State government had released similar amount for the purpose. It is likely that the government would clear the remaining 50 per cent of loans in two years. The release of second phase of funds came at a time when the Opposition parties were making a hue and cry against the government in this regard. (NSS)