❖ The Telangana government has launched the first phase of the farm loan waiver scheme. 

❖ Rs 6,098 crore being credited into the accounts of over 11 lakh farmers, whose loans up to Rs 1 lakh would be waived off.

❖ This marks the largest loan recovery in the country.

❖ The rollout of the loan waiver scheme would be completed in two other phases.

❖ A total of Rs 31,000 crore worth of farm loan waiver will benefit close to 50 lakh farmers in Telangana.

❖ In August, the state government will release funds into the accounts of farmers who have loans up to Rs 2 lakh.