Telangana CM Revanth Reddy Announces Rs 1,00,000 Loan Waiver for Farmers
On Tuesday, Telangana Chief Minister Revanth Reddy made significant announcements to benefit farmers. He committed to providing a Rs 1,00,000 loan waiver to all eligible farmers by July 18. The Telangana CMO shared this news on its official X handle, stating, “Good news for all the farmers. In the first installment, a loan waiver to the extent of Rs 1,00,000 will be given to all eligible farmers by July 18.”
Chief Minister Reddy clarified that a Rs 2 lakh crop loan waiver will apply to farmers’ families based on their passbooks. He instructed bankers to ensure that the loan waiver funds are properly allocated and warned of strict action if the funds are mismanaged.
During a meeting with Collectors, Police Commissioners, and SPs, Reddy explained the loan waiver and other welfare schemes. He emphasized the responsibility of collectors to deliver government programs to the final beneficiaries. Reddy also reiterated the government’s mission to extend six guarantees to every eligible person in the state.
Additionally, Reddy stressed the importance of resolving pending Dharani issues by August 15. Dharani is an application for grievances related to specific land matters. He also called for special measures to protect government lands and ponds from alienation and to ensure that everyone receives Aarogyasri health services, regardless of ration card status. A digital health profile should be created for everyone.
Doubts Revealed
Telangana -: Telangana is a state in southern India. It was formed in 2014 when it separated from Andhra Pradesh.
CM -: CM stands for Chief Minister. The Chief Minister is the head of the government in an Indian state.
Revanth Reddy -: Revanth Reddy is a politician and the current Chief Minister of Telangana.
Loan Waiver -: A loan waiver means that the government will forgive the loan, so the farmers do not have to pay it back.
Farmers -: Farmers are people who grow crops and raise animals for food and other products.
Rs 1,00,000 -: Rs 1,00,000 means 1 lakh rupees, which is a unit of Indian currency. It is equal to 100,000 rupees.
Crop Loan -: A crop loan is money borrowed by farmers to buy seeds, fertilizers, and other things needed to grow crops.
Passbooks -: Passbooks are small books given by banks to account holders to record their transactions and balance.
Bankers -: Bankers are people who work in banks and help manage money and loans.
Welfare Schemes -: Welfare schemes are programs by the government to help people with things like food, housing, and healthcare.
Land Issues -: Land issues refer to problems related to the ownership and use of land.
Government Lands -: Government lands are areas owned by the government, not by private individuals.
Health Services -: Health services are medical services provided to keep people healthy, like hospitals and clinics.
