This was finalised after KCR held a meeting with top bank officials to discuss the implementation of the scheme to waive farm loans as promised by Telangana Rashtra Samithi (TRS) in its election manifesto. A formal decision on waiving crop loans of upto R1 lakh will be discussed next week, E Rajender, minister for finance, Telangana, said.We will waive crop loans upto R1lakh in tune with our election promise that was reiterated by the TRS party. We have also asked bankers to issue fresh loans for the Kharif season, Rajender added.
He said the government had asked banks to provide details on loans outstanding in the stipulated limit within a week. As promised in the manifesto, we would waive crop loans taken during the year 2013-14 and not agriculture-allied loans like dairies, livestock, fisheries, multiple loans or gold loans, he added.