In the present phase of despair caused by coronavirus pandemic with its adverse impact on every sphere of life including agriculture sector, the State government has rejuvenated hopes among the farming community ahead of the next agricultural season by releasing funds both for waiver of crop loans up to ₹25,000 and investment support (Rythu Bandhu) for the Vaanakalam season.
The release of funds for the loan waiver and Rythu Bandhu schemes were announced by ministers T. Harish Rao (Finance) and S. Niranjan Reddy (Agriculture) at a joint meeting of the Finance and Agriculture Department officials held here on Thursday. Mr. Harish Rao stated that the Finance Department had released ₹1,200 crore, following the directions of Chief Minister K. Chandrasekhar Rao, for writing off outstanding crop loans of farmers, taken from banks and cooperative societies, up to ₹25,000 each.
Mr. Harish Rao instructed the officials of Agriculture Department to oversee the crediting of the amount in the bank accounts of 6.10 lakh farmers whose outstanding debt is up to ₹25,000. He stated that the outstanding debt of farmers beyond ₹25,000 and up to ₹1,00,000 would paid to banks concerned through the farmers accounts in four instalments.
https://www.thehindu.com/news/national/telangana/money-released-for-rythu-bandhu-loan-waiver-schemes/article31528347.ece
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In the present phase of despair caused by coronavirus pandemic with its adverse impact on every sphere of life including agriculture sector, the State government has rejuvenated hopes among the farming community ahead of the next agricultural season by releasing funds both for waiver of crop loans up to ₹25,000 and investment support (Rythu Bandhu) for the Vaanakalam season. The release of funds for the loan waiver and Rythu Bandhu schemes were announced by ministers T. Harish Rao (Finance) and S. Niranjan Reddy (Agriculture) at a joint meeting of the Finance and Agriculture Department officials held here on Thursday. Mr. Harish Rao stated that the Finance Department had released ₹1,200 crore, following the directions of Chief Minister K. Chandrasekhar Rao, for writing off outstanding crop loans of farmers, taken from banks and cooperative societies, up to ₹25,000 each. Mr. Harish Rao instructed the officials of Agriculture Department to oversee the crediting of the amount in the bank accounts of 6.10 lakh farmers whose outstanding debt is up to ₹25,000. He stated that the outstanding debt of farmers beyond ₹25,000 and up to ₹1,00,000 would paid to banks concerned through the farmers accounts in four instalments. https://www.thehindu.com/news/national/telangana/money-released-for-rythu-bandhu-loan-waiver-schemes/article31528347.ece
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