Telangana waived crop loans worth Rs 27,000 crore in past six years: KTR


KTR also criticized the Union government, saying it had succeeded in shifting India’s economy from downturn to lockdown mode.

The Telangana government has waived crop loans amounting to Rs 27,718 crore over the past six years, Industry Minister KT Rama Rao said on Wednesday. He said the Reserve Bank of India (RBI) report on state finances reinforces the Telangana government’s steadfast commitment to the welfare of farmers. . According to him, it is right after a much bigger Maharashtra.

KTR, who is also the incumbent Telangana Rashtra Samithi (TRS) chairman, told reporters at party headquarters, Telangana Bhavan, that while opposition parties continue to accuse the TRS government of putting in Implementing a loan waiver for political mileage, the RBI report made it clear that the Telangana government had waived the largest number of crop loans in the country.

KTR, who is the son of the chief minister, said that in addition to waivers of agricultural loans, the state government also released Rs 28,381 crore for Rythu Bandhu, Rs 29,236 crore for energy subsidies for farmers, Rs 2,937 crore to Rythu Bhima, Rs 1,786 crore on micro-irrigation and Rs 746 crore on agricultural mechanization.

He claimed that despite being the youngest state, Telangana has been progressive and has emerged as a leader among the top performing states in the country. KTR also criticized the BJP government in New Delhi saying it had succeeded in shifting the Indian economy from downturn to lockdown mode.

He alleged that the expected zero percent growth rate is due to the BJP’s failure to manage the economy. He said the economy had experienced a downturn for eight quarters before the outbreak of the COVID-19 pandemic.

He also reminded the BJP and Prime Minister Narendra Modi of their pledges of 2 crore jobs, Rs 15 lakh on each bank account and housing for all. He noted that the BJP makes promises, mismanages, and then blames others through its “WhatsApp University”.

KTR also strongly criticized the state’s BJP leaders and called itself students of “WhatsApp University”. He alleged that the BJP was playing petty politics over money seized from a relative of its candidate in the by-elections in the Assembly constituency of Dubbak.

Strongly opposing the abusive language used by BJP leaders to target the chief minister, he called on them not to test the patience of the TRS leaders.

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