Center’s helping hand to Telangana farmers

gst-farmersUnion Minister for Labour and Employment Bandaru Dattatreya said that implementation of Goods and Services Tax (GST) will produce more job opportunities. Employment generation will improve because of the Direct Foreign Investment.

He said Telangana farmers were facing a lot of hardship in getting farm loans from the Banks during Kharif season due to the fourth installment of the agriculture loan waiver scheme amount yet to be credited in farmers account and also due to the cash crunch.

After bringing to the notice of Reserve Bank of India, RBI had assured to release Rs 1700 crore to banks in Telangana to extend agriculture loans to farmers during the Kharif season.