Telangana Crop Loan Waiver Scheme:- The central and state governments have launched several programs that are aimed solely at helping farmers and have a financial aid component. In a similar vein, the Telangana State Government has launched the Telangana Crop Loan Waiver Scheme, under which farmers in the state who have taken out agricultural loans up to Rs 1 lakh will have them waived. After the Rythu Vedika Scheme was introduced by the state government to aid Telangana state’s farmers, the implementation of this program is a significant development. Read below to get detailed information related to the TS Crop Loan Waiver Scheme like highlights, objectives, features and benefits, eligible loans, eligibility criteria, the application process, login process, and much more
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Telangana Crop Loan Waiver Scheme 2024
The state government’s Crop Loan Waiver Scheme provides benefits to the state’s farmers. Through this program, the state government would forgive any agricultural loans that the farmers of the state are unable to repay. Farmers who have had their loans forgiven as a result of various events will be able to live comfortably and contentedly without having to worry about money. Farmers who borrow up to Rs 1 lakh will have their loans forgiven under the Telangana Crop Loan Waiver Scheme of the state government. The farmers’ loans up to Rs 1 lakh would be forgiven in a total of five phases.
TS Crop Loan Waiver Details in Highlights
| Name | Telangana Crop Loan Waiver Scheme |
| Introduced by | CM Chandrashekhar Rao |
| Year | 2024 |
| State | Telangana |
| Beneficiaries | State Farmers |
| Objective | To Provide Loan Waiver of up to 1 Lakh rupees |
| Application Procedure | Online |
| Benefits | Loan Waiver up to 1 Lakh rupees |
| Official Website | http://clw.telangana.gov.in/ |
Telangana Crop Loan Waiver Objective
The primary goal of the Telangana agricultural loan waiver program is to forgive the loans owed by farmers who are unable to repay them. The farmers of Telangana would be able to live peacefully and be relieved of their financial burdens thanks to this program. Loans up to Rs 100,000 would be waived under this program. The farmers in Telangana state will now be relieved of their financial load thanks to this program, allowing them to cheerfully engage in farming activities.
Telangana Unemployment Allowance Scheme
Telangana Crop Loan Waiver Scheme Benefits
Some of the key features and benefits of the scheme are as follows:
- The Telangana State Government launched the Crop Loan Waiver Scheme, which benefits the state’s farmers.
- The state government would waive up to Rs 1 lakh in farm loan payments under this program.
- Farmers in Telangana state who are financially vulnerable and unable to repay the agricultural loans they took out benefit from this state government program.
- The recipient farmers will receive this loan waiver of one lakh rupees taken as a crop loan throughout five installments.
- The Telangana Crop Loan Waiver Scheme has a budget of Rs 1,198 crore for the first phase, according to the state government.
- The state government will waive a crop debt in the first phase up to a total of Rs 25,000.
- The remaining sum, ranging from Rs 25,000 to Rs 1 lakh, will also be made accessible throughout the following four phases for four years.
- A total budget of Rs 6,225 crore was set aside by the Telangana State Government for the first phase of this program
- The next four phases would have a budget of Rs 24,738 crore, which has already been approved
Implementation of Telangana Crop Loan Waiver Scheme
According to the state Chief Minister, an online portal will be created for carrying out the tasks associated with the state’s crop loan waiver program. Many farmers will be able to sign up for the program through the deployment of the website while relaxing at home. The banks will compile a village-by-village list of farmers with unpaid loan balances using a certain structure. The relevant authorities will get the report. Before the eligible list of farmers is complete and the start check distribution to eligible farmers, a district-level bankers committee meeting will be convened.
Eligible Loans Under Scheme
Farmers in the state of Telangana will not be required to repay the following loans:
- Short-term production loans
- Crop loans against gold are provided by:
- Scheduled commercial banks
- Cooperative credit institutions like:
- Regional rural banks
- Urban cooperative banks
Ineligible Loans for Scheme
Loans that are Not Eligible for the scheme are as follows:
- Advances against pledge
- Restructured and rescheduled loans
- Hypothecation of agriculture products other than:
- Standing crops
- Loans to joint liability groups (JLGs)
- Tie-up loans
- Closed crop loan accounts/written-off loans
- Loan eligibility cards (LECs)
- Rythu Mithra groups (RMGs)
Eligibility Criteria
The eligibility criteria for the scheme are as follows:
- The candidate must work as a farmer
- The candidate must be a Telangana resident
- This program applies to all crops for which a loan has been approved
- After 1 April 2014 and yet unpaid as of 11 December 2018
Steps to Apply for Telangana Crop Loan Waiver Scheme
To apply for the scheme, the user needs to follow the below-given steps:
- First of all, visit the official website of the Telangana crop loan waiver scheme
- The homepage of the website will open on the screen
- Click on the Apply Now button
- The application form will open on the screen
- Now, fill in the form with all the required details like your name, email, mobile number, address, bank account details, etc
- After that, upload all the required documents
- Finally, click on the Submit button to complete the application process
Steps to Login on the Portal
Applicants need to follow the below-given steps to Login into the Portal
- First of all, visit the official website of the Telangana crop loan waiver scheme
- The homepage of the website will open on the screen
- Click on the Login Button.
- Once you click on the Login button, the login page will open on the screen
- Now, enter your registered User Name and the Password
- After that enter the captcha code
- Finally, click on the login button to get logged in to your registered account
Steps to Track Application Status
To track the Application Status, the user needs to follow the below-given steps:
- First of all, visit the official website of the Telangana crop loan waiver scheme.
- The homepage of the website will open on the screen
- Click on the Login Button.
- Once you will click on the Login button, the login page will open on the screen
- Now, enter your registered User Name, Password, and the captcha code
- After that, click on the login button to get logged in to your registered account
- Once you are successfully logged in, the dashboard of your account will open on the screen
- Now, click on the Application Status button
- A new page will open on the screen
- Now, enter your application number
- Finally, click on the check Application Status button and the status of your application will open on the screen
Steps to Check the Contact Details
To check the Contact Details, the user needs to follow the below-given steps:
- First of all, visit the official website of the Telangana crop loan waiver scheme
- The homepage of the website will open on the screen
- Click on the Contact Us tab
- A new page will open on the screen with the list of Contacts