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The Telangana government has released ₹2,019 crore under the farm loan waiver. This is the third tranche of funds towards clearing the waiver dues of ₹17,000 crore.
The ruling TRS Party had promised to waive the farm loans if elected to power. It, however, had started releasing the funds in phases after assuming power.
In the first and second tranches it released ₹4,250 crore each. On Tuesday, the government released an Order announcing the sanction of ₹2,019 crore in the third tranche. It still owed about ₹4,620 crore to clear the dues.
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