KCR waives Rs 12,000 cr crop loans

KCR waives Rs 12,000 cr crop loans

Telangana Chief Minister K Chandrasekhar Rao on Wednesday announced that farm loans availed in the 2013-14 financial year, upto Rs 1 lakh will be waived off for the benefit of small farmers.

Rao made the announcement at a public meeting in Gajwel of Medak district as a part of the three-day Telangana formation celebrations. Rao won the Gajwel Assembly seat with over 20,000 votes and retained the seat by giving up his Medak Lok Sabha seat.

Rao who held a meeting officials of the Telangana lead bank — State Bank of Hyderabad — and other banks in the state at the secretariat before leaving for Gajwel said that the waiver will cost Rs 12,000 cr but would benefit 23 lakh farmers in Telangana.

He said that the modalities of the waiver have been worked out with the bankers. KCR also announced that soon Telangana will have 24 districts in the place of 10 for better administration and stable governance. He promised at least one NIMS level of hospital in each one of the 24 district headquarters.

Meanwhile, the first signature of the Chief Minister of Telangana on the file of Telanagana logo seems to have run into trouble, with a social activist from Haryana, Naresh Kadyan complaining to Union Home Ministry that the design of the emblem is unconstitutional. He said that the emblem violated State Emblem Act of 2005.