Telangana Chief Minister A Revanth Reddy announced that his government will waive crop loans of up to Rs one lakh on July 18. The waiver will be credited to farmers' accounts in phases, with Rs 7,000 crore credited to accounts of farmers whose loans are being waived. Crop loans of up to Rs 1.5 lakh will be waived by the end of July, and the loan waiver process will be completed in August when loans of up to Rs two lakh are dispensed with.
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