Telangana 2 Lakh Farm Loan Scheme: The Telangana Government has launched the TS 2 Lakhs Farm Loan Scheme to reduce the financial burden of the farmers of the state. Through this scheme, loans up to Rs 2 lakh of farmers of the state will be waived off. The Telangana government is in talks with various banks to launch a ₹2 lakh farm loan waiver scheme. Due to this, by waiving the loans of the state’s farmers, the financial burden on their crops will be reduced and they will get some relief. If you are a farmer in Telangana state. And want to get complete information related to the Telangana 2 Lakh Farm Loan Scheme. So stay tuned to our article till the end to get more information.
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Telangana 2 Lakh Farm Loan Scheme 2024
Apart from the ‘six guarantees’ that will help the party win in the December 2023 elections, the Congress party has also made several other promises in its election manifesto. Of these, Telangana Rs 2 Lakh Agriculture Loan Scheme is one of the six guarantees. Through this scheme, agricultural loans of up to Rs 2 lakh for eligible farmers of the state will be waived. MoUs worth ₹40,000 crore have been signed during Chief Minister Revanth Reddy’s recent visit to the World Economic Forum (WEF) in Davos. The state government is committed to implementing this scheme. We will do it in a planned manner. We will honor the promise made to the farmers.
Telangana Rythu Bharosa Scheme
TS 2 Lakh Farm Loan Waiver Scheme of Highlights
| Name of Scheme | Telangana 2 Lakh Farm Loan Scheme |
| Started By | By Telangana Government |
| Beneficiary | Farmers holding agricultural loans of the state |
| Objective | Reducing the financial burden of farmers |
| Benefits | The financial burden of farmers will be reduced |
| Year | 2024 |
| Category | Telangana government schemes |
| Apply Procedure | Online |
| Official Website | Not yet launched |
Objective of Telangana 2 Lakh Farm Loan Scheme
The main objective of the Telangana 2 Lakhs Farm Loan Scheme is to reduce the financial burden of farmers. The government intends to obtain bank loans and credit the loans of farmers directly into their accounts. Furthermore, the Telangana Rs 2 Lakh Agriculture Loan Scheme 2024 will be completed even before the current budget is released and if approved, Will be unveiled during the budget session of Telangana in 2024.
Telangana Crop Loan Waiver Scheme
Financial Details under TS 2 Lakh Farm Loan Scheme
The details of finance will be provided under the scheme as follows
- Farmer loan waiver – Up to Rs 2,00,000
- Fund requirement – 40000 crores
Implementation Date
There is uncertainty regarding the implementation timetable, but the challenge of loan waiver will be resolved this year.
Benefits of Telangana 2 Lakh Farm Loan Scheme 2024
The guarantee transferred to the government may be given by the state government to the public sector banks to cover the total cost of the loan and interest instead of paying it in installments. The previous BRS government had waived off farm loans worth a total of Rs 30,000 crore. After pledging to waive off loans up to Rs 1 lakh. In 2023, the Congress party made a key election campaign pledge to waive off farm loans Rs 2 lakh. Additionally, the State Level Bankers Committee and the Government will hold a meeting soon to discuss possible options for the loan waiver program.