The Congress government in Telangana, headed by Chief Minister A. Revanth Reddy, has started exploring options for fulfilling one of its key promises waiver of crop loans up to ₹2 lakh.
The Chief Minister, who convened a meeting with senior officials on Wednesday, reiterated his commitment to complete loan waiver up to ₹2 lakh by August 15. He directed the officials concerned to work out modalities in this direction while enquiring about the State’s financial situation and details relating to revenue and expenditure.
He wanted the officials to explore ways to mobilise funds through different channels before the conclusion of the model code of conduct on June 6 and evolve guidelines for the effective implementation of the promise. The officials were asked to consider the proposal for setting up a separate corporation for mobilising the funds required.
