Telangana Runa Mafi Scheme 2024 : Guidelines, and Eligibility

Telangana Runa Mafi Scheme – Telangana Chief Minister A Revanth Reddy said on Wednesday that his administration will grant Rythu Runa Mafi (Crop Loan Waiver) across the state, waiving crop loans of up to Rs 1 lakh on July 18, as promised. Now, the Telangana government has set guidelines for waiving farm loans. The National Informatics Centre (NIC) would act as the IT partner with the Agriculture Commissioner in charge of implementing the farm debt relief. In this post you get every necessary information regarding this scheme including its objective, eligibility, necessary documents, benefits and much more.

Telangana Runa Mafi Scheme

The government is aiming to adopt a farmer loan waiver of 2 lakh benefits on crops in Telangana, which might be implemented shortly to ease farmer’s financial strain on their crops. According to the rules, farmers who took out agricultural loans between 12 December 2018 and 9 December 2023 for a maximum of Rs 2 lakh are eligible for remission.

Aside from the six pledges made by Congress in the previous year’s assembly elections, one of the most significant undertakings was the forgiveness of farm loans. Due to the delay caused by the Lok Sabha elections, the administration will ensure that the agricultural loan waiver is implemented by August.

Read Also – Crop Loan Waiver Telangana List

Overview of Telangana Runa Mafi Scheme

Name of the scheme	Telangana Runa Mafi
Launched by	State Government of Telangana
Beneficiaries	Farmers
Objective	To provide financial help
Applicable to loan
Official website	clw.telangana.gov.in

Objective of Telangana Runa Mafi Status

According to early government statistics, at least 47 lakh farmers have taken out agricultural loans, the majority of which are for less than Rs one lakh. By 15 August the government needs at least Rs 35,000 crore to waive farm loans. However, the government was resolved to swiftly forgive agricultural loans in order to relieve farmers of their debts. This would enable thousands of farmers to use their revenues to drive economic growth.

Read Also – Crop Loan Waiver Scheme Telangana

Guidelines Details

• According to the standards specified in GO No 567, a household can only have one debt eliminated. Families who owe more than Rs 2 lakh in outstanding loans must pay the difference to be eligible for the waiver.
• The National Informatics Centre (NIC) would be the IT partner while the agriculture commissioner would be in charge of implementing the farm debt forgiveness.
• To carry out the agricultural loan waiver project, the government will shortly launch a unique website with all of the necessary information, including each farmer’s loan account, data validation, eligibility and so on.
• Every farmer who owns agricultural land is eligible for a loan forgiveness.
• Farmers who took out loans after 12 December 2018 will have two lakh debts forgiven.
• A valid ration card is necessary to cancel a debt.
• Banks must make payments on loans higher than Rs 2 lakh.
• Loans renewed after 9 December 2023 are ineligible for the scheme.
• The state government will look at the PM Kisan List.
• Preference for loans issued in women’s names.
• Initially, all loans granted to women were revoked.
• The National Informatics Centre will act as the scheme’s IT implementation partner.
• Each bank would have a single nodal person responsible for debt forgiveness.

Eligibility Criteria

• The Agriculture Department has made it clear that the loan waiver is only eligible for up to two lakhs.
• Only agricultural loan sums accumulated between 12 December 2018 and 13 December 2023 are eligible for debt forgiveness.
• A ration card is commonly used to identify a farming household. The loan waiver monies will be directly deposited into the recipients’ loan accounts.

Exception

The debt waiver of Rs. 2 lakh would not be applicable to rescheduled loans. Loans received through PACS, regional rural banks or commercial banks will be waived. Not accessible for loans from SHG, JLG, RMG or LECS.

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