'Debt waiver schemes of Telangana had implications amounting to ₹ 17,000 crore' The XV Finance Commission has expressed concern over the farm loan waivers announced by States like Telangana, that had an impact on their finances. “An increasingly important factor, and a worrying one, that has begun to impact the finances of States are the farm loan waivers that have been announced by various States since 2014,” the XV Commission said in its report. The Commission recalled that the RBI’s study of State budgets highlighting the debt waiver schemes of Telangana and neighbouring Andhra Pradesh announced in 2014 had significant implications amounting to ₹ 17,000 crore (3.4 per cent of GSDP) and ₹ 24,000 crore (4.6 per cent of GSDP) respectively.