Posted On November 9, 2016 By In Telangana And 710 Views

TRS Govt releases 2,019 cr for crop loan waiver

Hyderabad: The TRS government on Tuesday gave administrative sanction for the release of Rs 2,019.19 crore towards the third instalment of its crop loan waiver scheme. “…government hereby accords administrative sanction for an amount of Rs 20,19,19,00,000 to the Commissioner of Agriculture under Non-Plan from the Budget Estimate Provision 2016-17 towards meeting the expenditure for the second tranche amount of third instalment under Crop Loan Waiver Scheme 2014,” a government Order (GO) issued by the Agriculture Department said here. The government had announced a waiver of about Rs 17,000 crore for agriculture loans to farmers in the State, a major promise of TRS in the 2014 Assembly elections. The decision was expected to benefit about 36 lakh farmers. The State government had released Rs 4,250 crore as the first instalment and released another Rs 4,250 crore in the second instalment. The government is expected to clear the pending dues of the scheme in the fourth and final instalment. The State government’s decision to release the funds for the third instalment of farm loan waiver scheme came against the backdrop of intensified protests by Congress, TDP, BJP and other opposition parties for fulfilling the loan waiver at one go. The opposition parties had hit the streets. They undertook ‘padayatras’ and other protests against the government. Slamming the TRS government for its move to build a new Secretariat by demolishing the existing one, State Congress president and MLA N Uttam Kumar Reddy recently alleged that the government was not releasing funds for farmers’ loan waiver but sought to waste public money by demolishing the Secretariat.


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