Unlike during the reign of former chief minister K Chandrasekhar Rao, who had made ‘false promises and deceived farmers’, the present government was committed to genuine loan waivers. Therefore, Rs. 2 lakh would be waived in one go to uphold farmers’ dignity. He urged everyone to explain the good work being done to the public and organize programmes at village, mandal, and constituency levels. He asked them to proudly state that the loan waiver promise had been kept and to create a festive atmosphere with celebrations in all areas. Over the past seven months, the state government had spent Rs. 30,000 crore on welfare programs, the Chief Minister said. The Chief Minister criticized KCR for failing to waive even Rs. 28,000 crore of farmers’ loans despite being in power for 10 years. He emphasized that the Congress party, during the Parliament election campaign, had promised to waive farmers’ loans by August 15. Although financial experts had stated that loan waivers were challenging and could create financial difficulties for the government, his government did not budge. Highlighting the integrity of the Gandhi family, Revanth Reddy recalled how Sonia Gandhi had made the bold decision to grant statehood to Telangana, despite knowing that it could harm the party’s interests. He observed “When the Gandhi family makes a promise; it is like a rock inscription”.
Chief Minister Revanth Reddy has said that crop loans up to Rs 1 lakh would be waived by Thursday evening, with Rs 7,000 crore being credited to the concerned farmers’ accounts. Telangana should stand as a model for the nation in agricultural policies. “The Telangana model in agriculture should be emulated by the country”, he said. Revanth Reddy held a meeting with MLAs, MLCs, MPs, and Congress leaders at Praja Bhavan. During the meeting, he discussed various issues and reiterated the commitment made by AICC leader Rahul Gandhi on May 6, 2022, during the unveiling of the Warangal Declaration, when he promised loan waiver for farmers up to Rs 2 lakh. “This as an unforgettable day in my life,” Revanth Reddy remarked, and announced that by 4:00 PM on Thursday, farmers’ loans up to Rs. 1 lakh would be waived, with Rs. 7,000 crore being directly credited to their accounts. By the end of the month, loans up to Rs. 1.5 lakh will be waived, and by August, the process will be completed with waiver of loans up to Rs. 2 lakh. The Congress government aimed to free every farmer from debt burden.
