Crop Loan Waiver Scheme Telangana 2024 : Eligibility, Benefits & Apply Online

The Telangana government has established the crop loan waiver scheme for the benefit of the State’s farmers. The government plans to implement a 2 lakh farmer loan waiver on crops in the state of Telangana in order to reduce farmer’s financial burden on their harvests. In this article you get every necessary information regarding the scheme including its objective, benefits, eligibility, documents and applying procedure.

Crop Loan Waiver Scheme Telangana 2024

The Telangana crop loan waiver scheme was introduced by the state government of Telangana to forgive farmer’s outstanding loans up to Rs.2 lakh. A component of the guarantee program implemented by the Congress administration before the telangana state election was the Telangana Crop Loan Waiver Scheme.

A program that claims to waiver farm loans up to Rs.2 lakh is the farm loan waiver program. While Chief Minister Revanth Reddy was recently in Davos for the World Economic Forum (WEF), the administration inked Memoranda of Understandings valued at Rs.40,000 crore.

Overview Of Crop Loan Waiver Scheme Telangana 2024

Name of the Scheme	Crop Loan Waiver Scheme Telangana 2024
Launched By	State Government of Telangana
Beneficiaries	Farmers
Objective	To Provide farm loan is waived up to Rs.2 lakh
Official Website	–

Objective Of Crop Loan Waiver Scheme Telangana

The main objective of this scheme is to waive off farmer’s agricultural loans up to Rs. 2 lakh.

Benefits Of Crop Loan Waiver Scheme Telangana

• Instead of paying the banks in installments, the government may guarantee the banks taking on the whole cost of loans and interest.
• As a result, it can establish a company to negotiate with banks and distribute payments to farmers gradually.
• The previous BRS administration discharged farm loans exceeding Rs 30,000 crore after promising to waive debts up to Rs 1 lakh.
• During the 2023 election campaign, the Congress party made a noteworthy commitment to cancel farm loans up to Rs 2 lakh.
• Potential solutions for the debt forgiveness program will be discussed at a meeting between the government and the state-level banker’s committee soon.

Eligibility Criteria

• The applicant must live in telangana state.
• The applicant must be a farmer.

Required Documents

• Passport Size Photograph
• Aadhar Card
• Land Details
• Bank Account
• Domicile Certificate
• Mobile Number

Apply Online Procedure Of Crop Loan Waiver Scheme Telangana 2024

• First you have to visit the Official Website of the scheme.
• The homepage will appear on your screen.
• Click on the Click here to get the loan waiver option.
• A new page will appear on your screen.
• Enter all the necessary detail such as:
  • Name
  • Address
  • Date of Birth etc
• You have to upload all the necessary documents.
• Click on the submit button.

FAQ’s