The Telangana Crop Loan Waiver Scheme 2024 has been operationalised by the Congress government of Telangana to provide relief to farmers by waiving off farm loans. The scheme envisages providing direct support to farmers and enabling them to continue in the profession without financial stress. The Telangana Crop Loan Waiver scheme applies to all districts in Telangana, and loans taken by farmers across the state will be waived off. A loan amount up to INR 2.00 lakh will be considered for the scheme coverage and such loans will be waived by the state government.
It is estimated that the state government will have to manage a huge sum of INR 31,000 crore for the successful implementation of this scheme. Read below to check all the important details of the Telangana Crop Loan Waiver Scheme 2024.
Launch of Telangana Crop Loan Waiver Scheme
The Telangana Crop Loan Waiver scheme has been launched by CM Revanth Reddy to waive off the farming loans taken by farmers for agricultural operations. The scheme aims to provide relief to small and marginal farmers who have taken bank loans for agriculture. It is estimated that the scheme will be instrumental in improving the financial conditions of about 42 lakh farmers in Telangana. A loan amounting up to Rs. 2.00 lakh will be waived off for all farmers who took agriculture loans between December 11, 2018, and December 9, 2023. The scheme will help such farmers manage their loans efficiently and get rid of the loan burden.
Telangana Crop Loan Waiver Scheme Details in Summary
| Name of Scheme | Telangana Crop Loan Waiver Scheme |
|---|---|
| Concerned Government | The state government of Telangana |
| Concerned Department | The Department of Agriculture, government of Talangana |
| Scheme type | Loan waiving scheme |
| Eligible Amount | Maximum INR 2.00 lakh taken between December 11, 2018, to December 9, 2023 |
| Application Process | No need to apply |
| Official Website | https://clw.telangana.gov.in/ |
Aims and Objectives
In Telangana, about 58.50 lakh people are engaged in agriculture and manage the dependency of about 2.50 crore people. Besides, about 42 lakh people are those who took farm loans between 2018 and 2023 but are unable to repay the same. This causes severe financial stress to farmers, leading to their miserable conditions. The Telangana farm loan waiver scheme will help farmers get rid of this financial stress and continue in their profession with new encouragement. The scheme will provide relief to about 42 lakh farmers and improve their economic status, leading to their well-being.
See also: Indiramma Housing Scheme
Key Features
- This is a state-sponsored scheme managed fully by the state government of Telangana.
- The state government will manage a budget of 31,000 crore to waive loans to about 42 lakh farmers.
- The scheme will be managed by the Department of Agriculture, government of Telangana.
- Short-term loans amounting up to INR 2.00 lakh will be waived off by the government to the advantage of farmers.
Financial Benefits
- All farmers who took bank loans for agricultural operations will be included for the scheme benefit.
- The loan will be waived off up to a limit of INR 2.00 lakh and all amounts below this cap will be waived off.
- The scheme will encompass both rural and urban farmers who are in small and marginal categories.
Targeted Beneficiaries and Coverage
The Telangana Crop Loan Waiver Scheme will encompass about 42 lakh farmers for the scheme benefit across all districts of the state. The eligible amount of all farmers in rural and urban areas who took loans between the determined period will be waived off by the state government, and the amount will be credited to the bank loan accounts of farmers.
Eligibility Criteria
- The applicant should be an original resident of Telangana.
- The applicant should be a farmer in Telangana.
- The applicant should have taken a farm loan between December 11, 2018 and December 9, 2023.
- The loan should be short-term and due on the borrower.
Required Documents
- Aadhar Card
- Mobile number
- Ration Card
- PAN Card
- Email ID
- Photograph
See also: Kalyana Lakshmi Pathakam Scheme
Application process for Telangana Crop Loan Waiver Scheme
There is no direct enrolment process for the Telangana Crop Loan Waiver Scheme. The state government will prepare a list of eligible farmers in coordination with banks in the state and then credit the eligible amount to each loan account of farmers. Initially, the smaller amount will be waived off; the larger amount will be waived off in the later phases of the scheme. Farmers are not required to do any formalities for the loan waiving.
Login to crop loan waiver website
The government of Telangana operates a dedicated website for the scheme; the URL of the website is clw.telangana.gov.in, which can be accessed using the username and password. The following steps are to be performed to log in to the website.
- For the first, visit the official crop loan waiver website of the Telangana government, i.e., https://clw.telangana.gov.in/Login.aspx.
- After you do so, the login page will reflect on your screen.
- Enter your username and password, fill in the Captcha code and click Login.
- If you have lost your password, you can proceed with the Forgot Password option and reset your password again.
Process to Check Beneficiary List
- Visit the official crop loan waiver website of the Telangana government, i.e. https://clw.telangana.gov.in/
- On the main screen, navigate to the link stating “Crop Loan Waiver 2024—List of Farmers Covered.”.
- On the next screen, select your constituency, district, and mandal and click on the Get Data option.
- The desired list of farmers under the Telangana Crop Loan Waiver will show on your screen.
- The above list will be composed of the following information.:
- Constituency
- District
- Mandal
- Village
- Farmers name
- Father/husband name
- CLW amount of the beneficiary
- CLW amount of the family
- Family ID
How do I check my loan status?
The process to check your loan status is simple, and you can perform some easy actions online or visit your bank to update your passbook for transactions. If you use the internet banking facility of your bank, you can login and check the status of your loan account. On the other hand, you can visit your bank and talk to the bank staff to get a printout of your loan account status. In the printout, if your loan due amount is zero, then it is confirmed that your loan has been waived off.
Frequently Asked Questions
What is the Telangana Crop Loan Waiver Scheme 2024?
This is a loan waiving scheme launched by the state government of Telangana to provide relief to farmers.
How much will be waived off under the Telangana Crop Loan Waiver Scheme?
The scheme will waive off amounts below or equal to 2.00 lakh.
Who is eligible for the scheme benefit?
Small and marginal farmers who took a bank loan for agricultural purposes between December 11, 2018 and December 9, 2023 are eligible for the scheme benefits.
What is the process to apply for the Telangana Crop Loan Waiver Scheme?
There is no direct enrolment process for the scheme, as the government will waive the loans as per the data available with banks.
What is the official website of the scheme?
The official website is https://clw.telangana.gov.in/