The Telangana state government has released more than Rs 6,000 crore for the crop loan waiver initiative. Chief Minister A. Revanth Reddy officially initiated the first phase of this program in Hyderabad, which aims to waive off crop loans up to one lakh rupees. This initial phase will benefit over 11 lakh farmers. For more detailed information, please read the following sections.
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About Telangana Crop Loan Waiver 1st Phase
The Telangana government has allocated over 6,000 crore rupees to assist farmers by waiving their agricultural loans. The second phase of the crop loan waiver, which will cover loans up to 1.5 lakh rupees, is scheduled to be completed within this month, with loans up to 2 lakh rupees being forgiven by the end of the following month.
1st Phase of Telangana Crop Loan Waiver Scheme Details in Highlights
- Name: Telangana Crop Loan Waiver 1st Phase
- Released by: Telangana state government
- Beneficiaries: 40 lakh farmers across the State
- State: Telangana
- Full Crop loan will be waived by: 15th of August 2024
- Official website: Telangana Crop Loan Waiver
Implementation of 1st Phase of Crop Loan Waiver in Telangana
To ensure the program’s smooth execution, the Deputy Chief Minister will hold meetings with bankers before the program begins. Additionally, each district Secretariat will have a senior official available to address any questions or issues related to the debt forgiveness program. The state government has clarified that ration cards are solely used for family identification. Although there are 90 lakh ration cards in the state, only 70 lakh farmer accounts have bank loans. Importantly, the government emphasized that 6.36 lakh farmers with farm loans but no ration cards are also eligible for the loan waiver program.
Telangana Crop Loan Waiver List 2024 | Rythu Runa Mafi District Wise List
Benefits of Telangana Crop Loan Waiver 1st Phase
The following are some of the significant benefits of the Telangana Crop Loan Waiver 1st Phase:
- Financial Relief: Over 40 lakh farmers are expected to benefit from this initiative, receiving significant financial relief.
- Economic Improvement: The plan will help improve the financial situation of farmers by waiving loans up to INR 2 lakh.
- Enhanced Living Conditions: This program aims to elevate the living conditions and social standing of farmers across Telangana.
- Easy Access: Farmers can conveniently check the beneficiary list online from their homes by visiting the official website.
Features of Telangana Crop Loan Waiver 1st Phase
Key features of the 1st Phase include:
- Loan Waivers: Loans up to one lakh rupees will be waived, resulting in a total of Rs 7,000 crore being credited to farmers’ accounts.
- Incremental Phases: By late July, loans up to Rs 1.5 lakh will be waived, and by August, loans up to Rs 2 lakh will be forgiven, completing the loan waiver process.
- Significant Allocation: The state has allocated a total of Rs 31,000 crore for the farmer loan waivers, with nearly Rs 6,000 crore disbursed to over 11 lakh farmers on July 18, 2024.
- Phased Rollout: The second installment, covering loans up to Rs 1.5 lakh, will be released in July, followed by loans up to Rs 2 lakh.
Eligibility Criteria for Telangana Crop Loan Waiver Scheme
To be eligible for the Telangana Crop Loan Waiver, applicants must meet the following criteria:
- State Residency: The applicant must be a resident of Telangana.
- Farmer Status: Only farmers from Telangana are eligible.
- Loan Amount: The farmer must have an outstanding loan up to Rs 1 lakh, to receive benefits amounting to Rs 7,000 crore.
Telangana Rythu Bharosa Scheme 2024: Application Guide, Eligibility, and Details
Check Crop Loan Waiver in Telangana List 2024
To check the beneficiary list online, follow these steps:
- Visit the official website of the crop loan waiver scheme.
- The homepage will appear.
- Enter your login details.
- Click on the “Beneficiary List” option.
- A new page will open.
- Select your district, taluk, and panchayat.
- Click on the submit option.
- The list of beneficiaries will be displayed.
FAQs
Are those farmers eligible for the loan waiver program who do not have ration cards?
Yes, farmers who do not own ration cards but have taken out farm loans are also eligible for the debt waiver initiative.
How many farmers will benefit from the Crop Loan Waiver 1st Phase?
Over 40 lakh farmers will benefit from the Crop Loan Waiver 1st Phase.
Is there any deadline for applying to the Telangana Crop Loan Waiver scheme?
Yes, the Telangana state government usually sets specific deadlines for applying to the Crop Loan Waiver scheme. Applicants are advised to regularly check the official website for the latest updates on application deadlines.
Can a farmer who has already received a loan waiver apply again?
No, farmers who have previously received benefits from a loan waiver scheme are generally not eligible to apply again for the same loan under the current Crop Loan Waiver scheme.
What documents are needed to apply for the Telangana Crop Loan Waiver scheme?
Applicants need to provide several documents, including their Aadhar card, address proof, PAN card, email ID, electricity bill, and mobile number, to complete the application process.