Telangana Crop Loan Waiver Scheme 2021: Online Registration

Telangana Crop Loan Waiver Scheme | Crop Loan Waiver Scheme Online Apply | Loan Waiver Scheme View Application Status |

This time the Telangana government has brought a scheme for the peasant brothers of the state, which will benefit all the farmers of the Telangana state. This scheme is named Telangana Crop Loan Waiver Scheme and through our article today, we will share with you all the important aspects related to this Crop Loan Waiver Scheme for the year 2021. Like what is the Telangana crop loan waiver scheme? And its purpose, benefits as well as eligibility criteria. If you want to get information related to this scheme and take advantage of this scheme, then read this article till the end.

Telangana Crop Loan Waiver Scheme

The Telangana government has come up with a scheme for debt waiver called the Telangana Crop Loan Waiver Scheme. Which has been taken from the bank by the farmers of Telangana state and they are unable to repay it. Through the implementation of the scheme, if they have taken a loan from any bank for their daily living, then the farmers of Telangana state will be able to lead a happy life without any financial loan. In his budget speech, Finance Minister T Harish Rao announced in the Assembly on 8 March that the state government had already made a provision to release Rs 1,198 crore during March, to waive farmer loans up to Rs 25,000.

Details Of Telangana Crop Loan Waiver Scheme

Name Telangana Crop Loan Waiver Scheme
Launched by Telangana Government
Beneficiaries Farmers of Telangana
Objective To waive the loan of states farmers
Official Website Click Here

Plan Implementation

The Chief Minister of Telangana has said that an online portal will be developed to start activities related to the Telangana Crop Loan Waiver Scheme and through the implementation of the website many farmers will be able to register themselves under the scheme right from their homes. Banks will prepare a village-wise list of farmers with the outstanding loan amounts in a prescribed format. The report will be submitted to the concerned authorities. A district-level bankers’ committee meeting will be held before finalizing the eligible list of farmers and commencing check distribution to eligible farmers.

Telangana Crop Loan Waiver Scheme Statistics

Banks 42
Branches 3351
Districts 33
Mandals 589
Clusters 2802
Villages 12920

Aim Of Telangana Crop Loan Waiver Scheme

  • The main objective of the Telangana Crop Loan Waiver Scheme is to waive the loans of farmers who are not in a position to pay them back.
  • Under this scheme, a loan waiver will be given up to Rs 100000.
  • Now with the help of this scheme, the farmers of Telangana state will be free from financial burden and will be able to carry out their farming activities happily.
  • With the help of this scheme, the farmers of Telangana will be freed from the economic burden and will be able to live their life in a happy manner.

Advantages Of Ts Crop Loan Waiver Scheme

The following advantages will be provided to the people enrolled in the Telangana Crop Loan Waiver Scheme: –

  • As announced by Chief Minister K Chandrashekhar Rao in the State Assembly to fulfill his electoral promise, the crop loans up to Rs 25,000 will be waived off in the first phase.
  • For all other eligible farmers, the outstanding loan amount Rs 25,000 up to Rs 1 lakh will be waived off in four installments over a period of the next four years.
  • For the first phase, the government raised the budget amount to Rs. 1,198 crores Rs.
  • For the next four phases, Rs 24,738 crore has been sanctioned.
  • The state government had kept Rs 6,225 crore in the budget under the first installment plan.

Key Features of Scheme

  • This scheme is beneficial for 5.83 lakh farmers of the state.
  • Crop loan waiver will be given up to Rs. 1 Lac.
  • Crop loan waiver will be given in five stages.
  • In the first phase, the government will invest Rs. 25000 / – cropped loan.
  • The state government has approved Rs 1,198 crore for this plan for the budget for the year 2020-21.

Eligibility Criteria 

  • A permanent resident of Telangana state.
  • The applicant must be a farmer by profession.

Required documents

  • Aadhaar Card
  • Identity Proof of the Beneficiaries.
  • Income Certificate
  • Loan Documents
  • Bank Account details and passbook
  • Photo of the applicants

Users of CLW Portal

  • Secretaries of Agricultural and Finance Department
  • District collectors
  • District agriculture officials
  • LDMs
  • AEOs
  • Bank and branch managers

Click Here For :- Rythu Bheema Pathakam Scheme

Crop Loan Waiver Scheme Online Apply

  • First of all, visit the Official Website of crop loan waiver scheme.
  • The home page will open on your screen.
  • Now you need to click on Apply Now.
  • A application form will open on your screen.
  • Now you are required to fill in all the asked information like your name, address, email, mobile number, bank account details etc in this application form.
  • After that, you need to attach all the required documents.
  • After completing all the above procedure click on submit.

Login On The Portal

  • First of all, visit the Official Website of crop loan waiver scheme.
  • The home page will open on your screen.
  • you need to click on the login
  • Now you will be redirected to a new page where you need to enter your username, password and captcha code in the box
  • After that, you have to click on the login.

Loan Waiver Scheme View Application Status

  • First of all, visit the Official Website of crop loan waiver scheme.
  • The home page will open on your screen.
  • you need to click on the login
  • After logging in you need to click on application status.
  • After that you need to enter your application number.
  • Now you need to click on check application status.
  • Application status will be on your computer screen.

How To Check Contact Information

  • First of all, visit the Official Website of crop loan waiver scheme.
  • The home page will open on your screen.
  • Now you need to click on contact us.
  • Now a new page will open on your screen.
  • You can get the contact details of all the officers from this page.

Conclusion

The Telangana government had launched the “Telangana Crop Loan Waiver Scheme 2021” and invited online applications for farmer crop loan waiver.
The state government has issued guidelines for the implementation of the scheme and as part of it, to commercial and cooperative banks. It has been asked to submit details of farmers with loans up to 25,000.

How did you like the information given by us, do let us know in the comment section. Stay connected with us on YojanaSarkari for more details of any other scheme, thanks.

Loan Waiver Scheme’s Some Important FAQs

What does loan waiver mean?

A loan waiver is the waiving of the real or potential liability of the person or party who has taken out a loan through the voluntary action of the person or party who has made the loan.

Is loan waiver beneficial for farmers?

However, the loan waiver scheme provides relief for many families thereby encouraging them to invest in the next crop. But these benefits don’t offer long term economic gain for farmers.

How can I check my crop loan waiver status?

We have given procedure for this you can check in our above article.

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