The Telangana Government is likely to finalise the modalities for the implementation of the loan waiver scheme in the next two, three days. The Ministers’ Sub-Committee has met here to discuss the issue with bankers.

“We are going to meet again today and tomorrow to finalise the roadmap for the implementation of the scheme. We have got the list of the beneficiaries and the total liability,” Pocharam Srinivasa Reddy, Minister for Agriculture said.

Addressing a press conference after the meeting with the bankers, he said the rescheduling of loans was not going to help much to the State. “They have agreed to reschedule the loans in about 100 mandals in three districts. But they have laid so many conditions,” he said.

Of the total liability of Rs 17,000 crore, the three districts had a share of about Rs 4,500 crore. “But it looks like we will get a relief of only about Rs 1,000 crore,” the Minister said.

Bonds issue

The Chief Minister, K Chandrasekhara Rao, said on Tuesday that the Government was considering a couple of things to address the issue, including issuing bonds to farmers. He discussed the issue with the bankers.

Related Topics