The Telangana government on Monday announced waiver of Rs 3920 crore loans to farmers in the state. The chief minister KCR has made this announcement. Addressing the members in the Assembly, CM KCR said, as his government is constructing freely the houses for the poors, so it has decided to waive off the loans which have been affecting the lives of the poor people for the last 10 years. Taking a strong jibe at the previous governments over their failure towards waiving off the loans, CM KCR has also announced the waiver to the victims of Rajiv Swagruha scheme. The chief minister has asked the people to live happily without succumbing to any pressure.