Telangana to finalise roadmap for loan waiver execution

Telangana State to Finalise the Agricultural Loan Execution

The Telangana Government will finalise the modalities for the implementation of the loan waiver scheme in the upcoming two or three days. The Ministers Sub-Committee has met to discuss the issue with bankers.

Addressing a press conference after the meeting with the bankers Minister for Agriculture 'Pocharam Srinivasa Reddy' said. We have got the list of the beneficiaries and the total liability he also said the rescheduling of loans would not help the State. “They have agreed to reschedule the loans in about 100 mandals in three districts. But laid so many conditions,” he said.

The Minister said Among the total liability of  Rs17,000 crore, the three districts themself hold a share of about Rs4,500 crore. “But it seems like they will get a relief of only about Rs1,000 crore”