CM Revanth Reddy on Rythu Runa Mafi

“Our party leader Rahul Gandhi has promised a loan waiver of up to Rs 2 lakh,” announced Telangana Chief Minister Revanth Reddy. “The cabinet has decided to implement this waiver accordingly and it will be done simultaneously,” he stated during a press conference following the cabinet meeting on Friday. “Sonia Gandhi fulfilled her promise regarding Telangana, and on May 6, 2022, Rahul Gandhi committed to a Rs 2 lakh loan waiver in the Warangal Farmers’ Declaration. The previous government waived loans worth Rs 28,000 crore over 10 years.

The loan waiver will cover the period from December 12, 2018, to December 9, 2023, requiring Rs 31,000 crore. Loans taken recently will also be waived in the near future. “We are waiving loans within eight months of coming to power, unlike KCR who failed to fulfill many promises in his 10-year tenure. We have collected details of farmers’ loans from various banks and are committed to freeing them from debt,” he assured.

Additionally, he promised to implement the Rythu Bharosa scheme transparently. A cabinet committee has been formed to develop farmers’ assurance policies, with the sub-committee expected to submit its report by July 15. Ministers Sridhar Babu and others will provide administrative updates as needed.”