2nd part of loan-waiver now

KCR-farmerThe TS government has issued orders for release of the second installment of Rs 2,043 crore towards loan waiver to eligible farmers and the first installment of Rs 2,043 crore was released in June. Rs 164 crore more is likely to be released as part of the second installment after a random survey. The amount will be provided to the farmers through nodal banks and in all 37 lakhs farmers would be benefited. A new website would be launched to ensure strict implementation of the loan-waiver and it would include detailed information on the extent of loan availed, repayment, waiver. Farmers suffered in 2014 as the loan-waiver was not effected as scheduled. In view of this experience government decided to implement the second installment with fool-proof arrangements. It was already decided to waive loans at the rate of 25 percent yearly for four years.

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