If you are a permanent resident of the Telangana state and you are also a former who has taken a loan from the Telangana government then your loan will be waived off according to the latest scheme presented by the Telangana government for the help of all of the farmers of the Telangana state. You can check out the details related to the Telangana Crop Loan Waiver Scheme 2024 from the article provided below and we will also share with you all the step-by-step procedures through which you will be able to check the benefits and also check the status of the scheme presented by the Telangana government for the benefit of the farmers.
About Telangana Crop Loan Waiver Scheme 2024
The farmers of the Telangana state will benefit from the development of the Telangana Crop Loan Waiver Scheme because all of the loans of the farmers will be waived off by the concerned authorities of the Telangana government. The farmers will be able to start living their lives without having to worry about the repayment of their loans or the interest rate that they have to pay if they have taken a loan from the state government. Also, the farmers will be provided the benefits of getting proper treatment to help them live their lives in a happy space. The scheme was created by the Telangana government to free the farmers from the financial burden. All the loans of up to Rupees one lakh will be waived off by the concerned authorities of the Telangana government.
Also Read: Ryhthu Bheema Pathakam
Benefits Of Telangana Crop Loan Waiver Scheme
The following benefits are provided to the people who enrolled themselves Telangana crop loan waiver Scheme:-
- The loan waiver will be given up to Rs. 1 Lakh to the farmers in five phases.
- The state government has promised to waive off the crop loan of Rs. 25000/- in the first phase
- The rest incentives will be given from Rs. 25000/- to Rs. 1 Lakh in the next four phases in four years.
- For the first phase, the government has sanctioned the budget amount to Rs. Rs 1,198 crore.
- For the next four phases, Rs 24,738 crore is sanctioned.
- The State government had earmarked Rs 6,225 crore in the budget under the scheme for the first installment.
Eligible Loans
The following loans will be waived off of the farmers of the Telangana state:-
- Short-term production loans
- Crop loans against gold given by-
- Scheduled commercial banks
- Cooperative credit institutions including-
- Urban cooperative banks
- Regional rural banks
Not Eligible Loans
The following loans are not eligible to waive off under the scheme:-
- Advances against pledge
- Hypothecation of agriculture produce other than-
- Standing crops
- Tie-up loans
- Closed crop loan accounts/written-off loans
- Loans to joint liability groups (JLGs)
- Rythu mithra groups (RMGs)
- Loan eligibility cards (LECs)
- The loans that are restructure and reschedule.
Eligibility Criteria
To be eligible for the scheme, you need to follow the following eligibility criteria given below:-
- The applicant must be a resident of Telangana state
- The applicant must be a farmer by profession
- This scheme is applicable for all those crops that sanctioned the loan amount after 1st April 2014 and are outstanding till 11 December 2018.
Beneficiaries Of The Portal
The following people can be beneficiaries of the crop loan waiver scheme special portal:-
- Secretaries of Agricultural and Finance Department
- District collectors
- District agriculture officials
- LDMs
- AEOs
- Bank and branch managers
Also Read: Webland Telangana
Telangana Crop Loan Waiver Scheme 2024 Application Process
To apply for the scheme you will have to follow the simple procedure given below:-
- You will first have to visit the Crop Loan Waiver Scheme website of the scheme by clicking on the link given here
- The home page will open on your screen
- You have to click on the apply online button present on the menu bar.
- The candidates will have to fill out the application form displayed on the screen.
- Enter all of the details related to your personal information and upload the documents.
- Submit the application form in order to get the benefit of the scheme.
Login Process
If you want to login to the official website of the scheme then you will have to follow the simple procedure given below:-
- You will first have to visit the official website of the scheme by clicking on the link given here
- The home page will open on your screen
- You have to click on the Login button.
- A new page will open on your screen.
- The candidates need to enter their username and password.
- Enter the verification code and click on the login button to login to the official portal.
Application Status
If you want to check the application status you will have to follow the simple procedure given below:-
- You will first have to visit the official website of the scheme by clicking on the link given here
- The home page will open on your screen
- You have to click on the Login button.
- A new page will open on your screen.
- The candidates need to enter their username and password.
- Enter the verification code and click on the login button to log in to the official portal.
- The application status will open on your screen.
Contact Details
To check the contact details you will have to follow the simple procedure given below:-
- You will first have to visit the official website of the scheme by clicking on the link given here
- The home page will open on your screen
- You have to click on the Contact Us button.
- A new page will open on your screen.
- The details related to the officer’s contacts will open on your screen.