Telangana Deputy CM urges banks to support farmers amid El Nino

Telangana Deputy Chief Minister Mallu Bhatti Vikramarka has urged banks to ease the financial burden on farmers caused by El Nino through loan restructuring. Speaking at a special session on drought relief measures, he emphasized the need for banks to extend support beyond farmers to students, the unemployed, women's self-help groups, and MSMEs. Vikramarka highlighted the importance of maintaining a strong relationship between farmers and banks, especially after a challenging Kharif season. He called for banks to consider restructuring loans and possibly adjusting interest rates to better support affected communities. The Deputy CM noted that farmers have made significant efforts to save their crops despite the failed monsoon, as evidenced by the peak power demand of 20,018 MW recorded on October 16. This reflects the determination of farmers in the face of adversity. The Telangana government plans to launch the Rajiv Yuva Vikasam scheme on November 19 to assist the unemployed.