Deputy CM urges banks to stand by El Nino-hit farmers
Mallu Bhatti Vikramarka, Deputy Chief Minister and Finance Minister of Telangana, urged banks in the state to provide special assistance to farmers grappling with the impacts of the El Nino heatwave during the Kharif season. In a meeting of the State Level Bankers’ Committee (SLBC), Vikramarka advocated for loan restructuring and potential relief in interest rates, addressing a gathering on "Drought relief measures for Kharif 2026".
Beyond farming communities, he emphasized the need to consider students relying on education loans and the unemployed youth. The government has declared 365 mandals across 31 districts as drought-affected, with 111 facing severe drought conditions. Vikramarka stressed that the farming community made considerable efforts despite the failed monsoon, and farmers' relationships with banks should not be strained by the challenging circumstances.
He also highlighted the importance of timely, need-based credit for eligible farmers and the need for better implementation of education loans.
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