Home education inclusion Loan exemption for farmers will continue: Harish Rao | Hyderabad News

Loan exemption for farmers will continue: Harish Rao | Hyderabad News

Hyderabad: Stating that all promises will be kept, Finance Minister T Harish Rao announced that the agricultural loan exemption for farmers will continue in the coming fiscal year.
Only agricultural loans up to Rs 25,000 were canceled last year, from this year remaining agricultural loans up to Rs 1 lakh will be canceled. Prioritizing the agricultural sector, the state government allocated Rs 25,000 crore.
Flagship scheme Rythu Bandhu will get Rs 14,800 crore. Another crore of Rs 1,200 is offered under the Rythu Bhima program in 2021-2022.
An amount of Rs 5,225 crore is proposed by the government for crop loan waivers.
The government is spending Rs 10,500 crore on providing 24-hour electricity to farmers. The finance minister said India is now importing palm oil worth Rs 70,000 crore per year.
“If there is domestic production, there will be huge currency savings. The oil palm not only has a good demand in the international market, but its cultivation also leads to the improvement of the environment. The state government has formulated a comprehensive plan to provide farmers with all the facilities necessary for the cultivation of oil palm. Oil palm cultivation provides good income for farmers in Telangana,” he said.
While the state government has allocated funds to all major schemes including Rythu Bandhu, Asara pension, the allocations for Kalyan Lakshmi and Shadi Mubarak schemes have increased.
In the budget for 2020-2021, the state government allocated only Rs 350 crore to the Kalyan Lakshmi program, but this time allocation increased to Rs 1,850 crore.
Revealing the allocations to the assembly, the Minister of Finance said the government has decided to increase the allocation as the number of nominations from BC chapters increases in the state.

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