The State government has decided to constitute a high-level committee for monitoring the implementation of crop loan waiver and renewal of loans to farmers by banks.
The committee will have secretaries of the Finance and Agriculture departments as well as representatives from the banking sector as its members. It will meet once every week to review the disbursal of waiver amount to farmers bank wise, Minister for Finance and Health T. Harish Rao said. He was addressing the meeting of the State Level Bankers Committee here on Monday.
The Minister said while crop loan waiver implemented by other States were highly conditional, Chief Minister K. Chandrasekhar Rao had implemented the process twice unconditionally. Loans of 35 lakh farmers, totalling ₹16,144 crore, were waived in the first phase and the second phase for clearing loans, to the tune of ₹8,098 crore taken by 16.66 lakh farmers, was underway.
