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The Hindu
The Hindu
National
Special Correspondent, Ravikanth Reddy R 6731

31 lakh bank accounts of farmers withheld as loan waiver funds not released: Uttam

Nalgonda MP and senior Congress leader N. Uttam Kumar Reddy blamed the TRS government for 31 lakh farmers unable to procure new loans as the government failed to waive crop loans of ₹1 lakh despite the promises made several times.

He said 31 lakh accounts of farmers have been withheld by the banks due to the dues unpaid by the government and with less than a fortnight left for the commencement of the Kharif season farmers are pushed into the trap of private money lenders who charge high interest rates. “Isn’t this the failure of the Chief Minister K. Chandrashekhar,” he asked.

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