Hyderabad, April 14: Telangana Chief Minister K. Chandrasekhar Rao giving another concession to the farmer on Thursday announced that the government will provide Rs 4,000 per acre to farmers and the amount would be directly credited to the accounts of nearly 55 lakh farmers before the beginning of Kharif crop season in May.
Telangana CM said that the government will provide them financial assistance from the next fiscal to purchase fertilizers. Farmers in the state use 25 lakh tons of fertilizers every year. He made the announcement when scores of farmers came to his official residence Pragathi Bhavan to thank him for fulfilling the promise of crop loan waiver.
The Telangana Rashtra Samithi (TRS) has completed a Rs 17,000-crore loan waiver scheme with the release of Rs 4,000 crore towards the final installment last week. With this, the TRS completed a major poll promise made in 2014. He said that "Unprecedented in the country, we have waived loans of 36 lakh farmers amounting to Rs 17,000 crore. Now farmers have become debt free. I feel very happy now".
Adding to the points CM said "We are supplying seeds and fertilizers to farmers on time along with 9 hours free and uninterrupted power supply. We are encouraging micro-irrigation by giving more subsidies. We waived the loans. Inputs are a burden on farmers and we want to share it too".
The TRS chief said the government had decided to bring in a qualitative change in the lives of farmers. "This is the reason why we wanted to give water to 1 crore acres of land in the state. We are reviving tanks through Mission Kakatiya and supplying quality power for nine hours", he said.