The decision to waive farm loans once and for all was taken in the state Cabinet meeting chaired by Chief Minister A. Revanth Reddy.
The Chief Minister told the media after the Cabinet meeting that a decision has been taken to waive off farm loans granted between December 12, 2018 and December 9, 2023.
He also stated that the loans would be waived in one go, unlike the previous Bharat Rashtra Samithi (BRS) government, which waived loans of up to Rs 1 lakh in four instalments.
Revanth Reddy said that while the previous BRS government, in its two terms between 2014 and 2023, waived loans of up to Rs 28,000 crore, the Congress government would spend Rs 31,000 crore. He recalled that the promise was made in the farmers' statement presented by party leader Rahul Gandhi in Warangal on May 6, 2022. He said that by implementing the promise, the government would send a clear message that agriculture is a holiday and not a loss. making profession.
Revath Reddy said that while the previous government in 10 years had failed to fulfill the promises made to the farmers, the Congress government was implementing its promises in eight months.
The government also constituted a Cabinet Sub-Committee headed by Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka to work out modalities for implementation of Rythu Bharosa.
Under the plan, the Congress had promised to enhance investment support for farmers to Rs 15,000 per acre annually from Rs 10,000 currently provided under the previous BRS government's Rythu Bandhu scheme.
Agriculture Minister Tummala Nageswara Rao, Congress election manifesto committee president and Industry Minister D Sridhar Babu and Revenue Minister Ponguleti Srinivas Reddy are the members of the Cabinet Sub-Committee.
Revanth Reddy said the Cabinet Sub-Committee will hold talks with all stakeholders, including farmer groups, farm workers and political parties, to prepare a report. The Sub-Committee will submit the report to the government by July 15 and the same will be tabled during the next Assembly Budget session for a thorough debate.
The government will prepare a policy to implement the plan. He assured that all eligible farmers would get the benefits of Rythu Bharosa. The Chief Minister reiterated that the Congress government was committed to implementing all the welfare schemes promised by it. He alleged that the opposition parties were carrying out false propaganda to create apprehension among the people.
The Chief Minister told the media after the Cabinet meeting that a decision has been taken to waive off farm loans granted between December 12, 2018 and December 9, 2023.
He also stated that the loans would be waived in one go, unlike the previous Bharat Rashtra Samithi (BRS) government, which waived loans of up to Rs 1 lakh in four instalments.
Revanth Reddy said that while the previous BRS government, in its two terms between 2014 and 2023, waived loans of up to Rs 28,000 crore, the Congress government would spend Rs 31,000 crore. He recalled that the promise was made in the farmers' statement presented by party leader Rahul Gandhi in Warangal on May 6, 2022. He said that by implementing the promise, the government would send a clear message that agriculture is a holiday and not a loss. making profession.
Revath Reddy said that while the previous government in 10 years had failed to fulfill the promises made to the farmers, the Congress government was implementing its promises in eight months.
The government also constituted a Cabinet Sub-Committee headed by Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka to work out modalities for implementation of Rythu Bharosa.
Under the plan, the Congress had promised to enhance investment support for farmers to Rs 15,000 per acre annually from Rs 10,000 currently provided under the previous BRS government's Rythu Bandhu scheme.
Agriculture Minister Tummala Nageswara Rao, Congress election manifesto committee president and Industry Minister D Sridhar Babu and Revenue Minister Ponguleti Srinivas Reddy are the members of the Cabinet Sub-Committee.
Revanth Reddy said the Cabinet Sub-Committee will hold talks with all stakeholders, including farmer groups, farm workers and political parties, to prepare a report. The Sub-Committee will submit the report to the government by July 15 and the same will be tabled during the next Assembly Budget session for a thorough debate.
The government will prepare a policy to implement the plan. He assured that all eligible farmers would get the benefits of Rythu Bharosa. The Chief Minister reiterated that the Congress government was committed to implementing all the welfare schemes promised by it. He alleged that the opposition parties were carrying out false propaganda to create apprehension among the people.
