Loan Waiver
Personal Finance

Loan Waiver Scheme : These 9 lakh farmers got a big gift, loan up to 1 lakh was waived

Loan Waiver Scheme: Loans of about 9 lakh farmers of the country have been waived in the festive month. The Chief Minister has announced to waive the loan of the farmers of the state up to Rs 1 lakh.

New Delhi : Farmers Loan Waiver Scheme: There is good news for lakhs of farmers of Telangana state. Because the state government has given a big gift to the farmers. On August 14 itself, the Chief Minister had announced the waiver of loans up to one lakh of the farmers of the state. After that the order could not be implemented due to Independence Day. Which was implemented as soon as the day came out on 16th August. Chief Minister Chandrashekhar Rao has said that he has fulfilled the promise made to the farmers of the state. The faces of the farmers have blossomed due to this step of the government. Although the opposition people are calling it an election announcement. Because there is a possibility of assembly elections in the state this year.

Loan Waiver

Loan waiver of Rs 99,999

Actually, the government was planning to waive off the loans of the farmers of the state for a long time. But was not able to announce it. A day before the celebration of independence, the Chief Minister had also indicated that the loans of the farmers of the state would be waived off. According to the information, a list of total 9 lakh farmers was prepared. Whose loan up to Rs 99,999 has been announced to be waived. It is being told that there are assembly elections in the state this year. The current government can get the benefit of loan waiver in the elections. It is being told that when the government took oath in 2018. Only then had promised to waive off the loans of the farmers. Which has now been implemented.

Government will pay directly to banks

Chief Minister K. Announcing the waiver of agricultural loans, Chandrasekhar Rao said that the government will pay the loans to the banks immediately. Not only this, the Finance Department has also released an amount of Rs 5,809.78 crore for loan waiver. With this, 902843 farmers will get freedom from old loans. Let us tell you that even before this, the government had waived off the loans of 719488 farmers who had taken loans up to Rs 50,000. Due to the decision of the government, happiness is being celebrated in every village.

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