KCR Announces Rs 1 Lakh Farm Loan Waiver; Doubling Of Old Age Pension

Announcing some of the important points of the Telangana Rashtra Samitis manifesto for the December 7 assembly polls, K Chandrasekhar Rao said the pension amount would be double and the eligible age limit reduced to 57 years from the existing 65.

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KCR Announces Rs 1 Lakh Farm Loan Waiver; Doubling Of Old Age Pension

K Chandrasekhar Rao promised an allowance of Rs 3,016 for unemployed youth.


Hyderabad: 

Telangana Chief Minister K Chandrasekhar Rao Tuesday assured Rs one lakh farm loan waiver, besides increasing assistance under the Rytu Bandhu scheme to Rs 10,000 per annum from the current Rs 8,000 if the TRS was voted to power once again.

Announcing some of the important points of the Telangana Rashtra Samitis manifesto for the December 7 assembly polls, he said the pension amount would be double and the eligible age limit reduced to 57 years from the existing 65.

As soon as we came to power in 2014, we realised that farmers of the state have to be supported. As part of that, we announced farm loan waiver of Rs one lakh in the run up to the elections. As promised, we implemented it.

However, as the farmers need further support,the TRS felt the scheme should be implemented once again and so announced the present loan waiver programme, which would be done in one or two instalments

The complete manifesto was still being worked out and yet to be announced, he said.

"People are anxious to know TRSs manifesto. So we have announced a partial manifesto," he said.

The TRS government has waived Rs one lakh farm loan by spending over Rs 17,000 crore in four instalments.

There are about 45 lakh farmers who avail bank loans, of which nearly 42 lakh took loans of less than Rs one lakh, he said, justifying Rs one lakh ceiling for loan waiver.

Under the scheme, an assistance of Rs 8,000 an acre to all eligible farmers in two instalments of Rs 4,000 each.

The first instalment was distributed to farmers in May and the second tranche will be given in November.

"Rytu Bandhu scheme will be increased to Rs 10,000 per annum in two instalments of Rs 5,000 per acre, he said.

On the pension scheme, KCR said under Aasara Scheme, the amount would be increased to Rs 2,016 per individual from the existing Rs 1,000.

Similarly pension for the physically challenged would also be doubled to Rs 3,016 from the existing Rs 1,500.

The Chief Minister also promised an allowance of Rs 3,016 for unemployed youth. He however said the modalities were being worked out for the scheme.

He said a committee has been formed under deputy Chief Minister K Srihari to work out various programmes for Scheduled Castes and Scheduled Tribes, amounting to Rs 15,000 crore and Rs 6,000 crore respectively.

Mr Rao said the double bedroom housing scheme would be continued with more vigour and some more options would also included in the scheme.

He said the manifesto was being prepared after taking inputs from over 300 suggestions that the manifesto committee received.

Mr Rao said the state expected to register Rs 10.30 lakh crore revenue in the next five years from all quarters. Of this amount, Rs 2.30 lakh crore would go towards debt servicing, he said.

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