Farmers across Telangana are facing a severe fund crunch ahead of the vanakalam season due to delayed Rythu Bharosa payments, incomplete loan waivers, stalled procurement payments and limited access to fresh crop loans.
As the Southwest monsoon was fast approaching, the farmers across the State are finding it difficult to mobilise funds for investment on cultivation of crops in the coming vanakalam season.
Since the Congress government denied Rytu Bharosa during the last yasangi restricting the incentive to just two acres, it had left farmers disappointed. As the Congress government, which promised Rs two lakh loan waiver to all the farmers after coming to power, failed to complete the loan waiver process, more than 50 per cent of the farmers could not get any new crop loans except renewing their existing loans.