The telangana state cabinet resolved on friday to forgive all agricultural debts received between december 12, 2018, and december 9, 2023, up to a maximum of Rs 2 lakh per farmer. The cabinet meeting was headed by chief minister A revanth reddy, who stated that an estimated Rs 31,000 crore will be needed to waive all agricultural loans.
At a cabinet meeting conducted at the state secretariat, the decision was made. Following the cabinet meeting, revanth reddy gave a briefing to the media, stating that all cabinet members had agreed on the eligibility requirements and other guidelines for waiving agricultural loans. A government order implementing these laws will be published shortly.

He drew attention to the fact that, in contrast to the previous BRS government, which waived agricultural loans worth Rs 16,000 crore during its first term and Rs 12,000 crore during its second, the congress government is waiving all crop loans up to Rs 2 lakh at once by taking on the entire burden of Rs 31,000 crore.

He added that a cabinet subcommittee headed by the deputy chief minister Mallu Bhatti Vikramarka, the minister of agriculture Tummala Nageswara Rao, the chairman of the party's manifesto committee D sridhar Babu, and the minister of revenue Ponguleti srinivas Reddy had been formed to work out the details of the Rythu Bharosa crop input financial assistance scheme, including eligibility requirements.

By July 15th, this cabinet subcommittee will submit its report, which will be presented before the telangana Assembly during the upcoming budgetary session.
Revanth Reddy further stated that the congress government has chosen to designate two ministers, Revenue minister Ponguleti srinivas Reddy and IT & industries minister D sridhar Babu, as the points of contact for media seeking any information in order to provide reliable information to the press and stop the spread of false information.
The media will always have access to them. From now on, they will inform the media of any decisions made by the administration. He emphasised that only the information provided by them is legitimate.

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