Minister for Finance and Health T.Harish Rao has announced that the State government would take up waiver of crop loans of above ₹1 lakh on priority basis.
The State government, headed by Chief Minister K.Chandrasekhar Rao, has implemented a loan waiver for the second time writing loans of up to ₹1 lakh obtained by farmers, he said. Accordingly, the Finance department released ₹9,654 crore benefitting 18.79 lakh farmers of which the amount was credited into the accounts of 17.15 lakh farmers. The balance of 1.6 lakh farmers could not get the benefit due to technical and other reasons.
The Minister was speaking at a meeting to review the progress of the loan waiver process with senior officials and representatives of the banking sector on Monday.
