Chief Minister K Chandrasekhar Rao, who took a decision in this regard, directed state Finance Minister T Harish Rao and the officials to take steps to deposit the money in farmers' bank accounts, an official release said.
The government has not shown any serious intent to undertake major reforms in agriculture sector. Till then, it seems unlikely that the central and state governments will be able to discontinue any of the direct income support schemes.
Uttaresh Venkateshwaran is in conversation with Ravi Krishnan, Deputy Executive Editor, Moneycontrol, to discuss the feasibility of income support schemes as an alternative to loan waivers.