CM KCR to kickstart loan waiver. CM KCR and the ruling BRS government is implementing many pro-poor schemes and also taking farmer-friendly initiatives. According to the latest, KCR is all set to kickstart loan waivers for the farmers today. KCR government will implement Rs 1cr crop loan waiver for the benefit of the farmers.
CM KCR set a deadline of September 15 for the completion of the implementation of the scheme. The loan waiver was implemented in parts due to the financial crunch but in the election year, KCR is keen that the loopholes are plugged. KCR said "As promised by me, the government is implementing the farm loan waiver scheme. Unforeseen troubles like Covid, Centre’s unilateral decision to cut FRBM borrowing limits, and indifference towards Telangana in the release of funds, delayed the process for the completion of the farm loan waiver scheme."
KCR directed finance department officials to arrange Rs 19,000 crore required to waive off crop loans of all eligible farmers after meeting with Minister Harish Rao and the officials concerned. He added "The state government is sincerely implementing the schemes like Rythu Bandhu, Rythu Bima, free electricity and irrigation to the farmers. Notwithstanding the problems faced by the state, the government will not neglect the welfare of the farmers. Further, the government initiated a big program of setting up food processing units for agricultural development. Thus, there is no need to rest until the farmers are empowered and they are financially uplifted,"
