Telangana Crop Loan Rescheduling | Hyderabad, Nov. 10: Telangana Deputy Chief Minister Bhatti Vikramarka has directed banks to reschedule crop loans for eligible farmers facing financial difficulties due to drought conditions.
He issued the instructions at a special State Level Bankers’ Committee (SLBC) meeting held at Praja Bhavan on Tuesday.
Bhatti said the El Niño effect had contributed to drought conditions across Telangana. He urged banks to take special measures to support affected farmers.
He also directed banks to provide fresh crop loans for the Rabi season on time. Farmers should not have to make repeated visits to banks for loan approvals, he said.
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Bhatti said 365 mandals in Telangana had been declared drought-affected, including 111 mandals facing severe drought conditions.
He asked banks to provide loans for crops that require less water. He also called for financial support for crop rotation and micro-farming.
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The Deputy Chief Minister urged banks to consider education and housing loan applications positively. He also called for increased lending to the MSME and infrastructure sectors.
Additionally, he suggested creating alternative income sources for farmers. He asked officials to explore additional employment opportunities for 10 to 15 per cent of farmer families.
Bhatti also directed banks to examine additional loans of up to Rs 2 lakh for self-help groups. He called for self-employment loans for unemployed youth.
He asked bankers to cooperate in implementing the Rajiv Yuva Vikasam scheme by November 19.
Bhatti said the government wanted farmers to enter the next agricultural season with confidence.
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