The Telangana government on Thursday launched the third and final phase of crop loan waiver at a cost of Rs 5,644.24 crore. This will benefit more than 4.46 lakh farmers. As per its election promise, the Congress government started the process of waiving loans up to Rs 2 lakh in three phases from July 8. Agricultural loans up to Rs 1 lakh were waived in the first phase. A government release said that Rs 6,098.93 crore was spent in the first phase, benefiting 11,50,193 farmers.

Rs 6,190.01 crore spent in the second phase
Rs 6,190.01 crore was spent in the second phase, helping 6,40,823 farmers. Addressing a public meeting at Vyara in Khammam district, Chief Minister A Revanth Reddy said that the crop loan waiver is being implemented as per the promise made by Leader of Opposition in Lok Sabha Rahul Gandhi in the year 2022. Reddy also targeted the opposition Bharat Rashtra Samiti (BRS) during this time and reminded BRS MLA T Harish Rao of the challenge to resign. He said that Rao should resign from his post, as the Congress government has fulfilled its promise of crop loan waiver of Rs 2 lakh. Reddy said that Harish Rao had challenged that he would resign from the post of MLA if the Congress government implements crop loan waiver.

Promised in the election
Telangana Chief Minister Revanth Reddy had already announced that farmers’ loans up to Rs 2 lakh would be waived by August 15. The party had promised this loan waiver during the assembly elections held in the state. Now it is fulfilling this promise. Reddy has suggested that during the loan waiver under Rythu Vedika scheme, the state ministers and MLAs along with all the public representatives should gather the farmers in different areas and share this happiness with them.