The Telangana state government has introduced the Telangana Crop Loan Waiver Scheme 2024 to provide financial relief to farmers by waiving off their outstanding crop loans. Under this scheme, loans of up to INR 2 lakh will be waived for eligible farmers. Applicants who meet the eligibility criteria can apply online through the official portal.
About the Telangana Crop Loan Waiver Scheme
The Telangana Crop Loan Waiver Scheme aims to alleviate the financial burden of farmers by waiving short-term crop loans. This scheme was part of a guarantee initiative introduced by the state government before the elections. Farmers who borrowed loans between December 11, 2018, and December 9, 2023, are eligible for this relief.
Key Details of the Scheme
- Name of the Scheme: Telangana Crop Loan Waiver Scheme
- Launched By: Telangana State Government
- Objective: Financial relief for farmers
- Eligibility: Farmers in Telangana with outstanding short-term loans
- Loan Waiver Limit: Up to INR 2 lakh
Eligibility Criteria
- The applicant must be a permanent resident of Telangana state.
- The applicant must be a farmer by profession.
- The loan must have been taken between December 11, 2018, and December 9, 2023.
- Only short-term loans are covered under this scheme.
Objectives of the Telangana Crop Loan Waiver Scheme
The primary goal of this scheme is to support farmers struggling with loan repayment. By waiving their outstanding loans, the scheme enables farmers to focus on agricultural activities without financial stress. This initiative is also aimed at improving the social and economic status of the farming community.
Required Documents for Application
- Aadhaar Card
- Email ID
- Mobile Number
- Address Proof
- PAN Card
Implementation Timeline
The Telangana state government has announced that the scheme will be implemented before August 15, 2024. Farmers are encouraged to apply early to avail of the benefits.
How to Apply for the Telangana Crop Loan Waiver Scheme
- Visit the Official Website: Go to the Telangana Crop Loan Waiver Portal.
- Log In: Enter your username, password, and captcha code to access your account.
- Fill in the Details: Provide the required information and attach all necessary documents.
- Submit the Application: Review your details and submit the form.
FAQs
Which state launched the Crop Loan Waiver Scheme 2024?
The Telangana state government launched the scheme.
Who is eligible for the benefits of the Telangana Crop Loan Waiver Scheme 2024?
Permanent residents of Telangana who are farmers with outstanding short-term loans are eligible.
What is the loan waiver limit under the scheme?
Loans of up to INR 2 lakh will be waived under this scheme.
The Telangana Crop Loan Waiver Scheme 2024 is a significant step toward supporting the agricultural sector. Farmers can apply online to ensure they benefit from this financial relief initiative.
