Telangana govt sanctions Rs 4,250 cr for crop loan waiver

About 3.6 mn farmers will benefit from the move

Telangana government on Tuesday issued the orders according the administrative sanction for Rs 4,250 crore in favour of crop loan waiver scheme.

The government yesterday announced that the the money amounting to 25% of the total crop loan liability of Rs 17,000 crore will be directly paid to banks on behalf of the farmers.

About 3.6 million farmers will benefit from the move as the bankers have also agreed to grant fresh loans by enhancing the scale of finance over and above the amount equivalent to the money being paid by the government, according to the authorities.