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Telangana Govt launches second phase of Crop Loan Waiver Scheme 2024, to benefit 6.4 lakh farmers

Telangana Govt launches second phase of Crop Loan Waiver Scheme 2024, to benefit 6.4 lakh farmers

Continuing with the government’s commitment to support farmers, Chief Minister A. Revanth Reddy emphasized that the funds disbursed must be utilized exclusively for the intended purpose of waiving crop loans. He also highlighted that this initiative is a part of the broader effort to alleviate the financial burdens faced by farmers, ensuring they receive the full benefit of the scheme.

The Chief Minister reiterated that the government.

The Chief Minister reiterated that the government is closely monitoring the implementation process to prevent any misallocation of funds. He urged the banks to adhere strictly to the guidelines and ensure transparency in the disbursement process. The government plans to continue its efforts to support the agricultural sector and is looking into additional measures to provide further assistance to the farming community in the state.

Furthermore, the Chief Minister’s office has set up a grievance redressal mechanism to address any issues or complaints from farmers regarding the scheme’s implementation. This measure aims to ensure that all eligible farmers benefit from the waiver and that any discrepancies are promptly addressed.

This second phase of the Crop Loan Waiver Scheme is seen as a significant step towards fulfilling the government’s promise to relieve farmers from the burden of debt and to promote agricultural growth and sustainability in Telangana.

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