Crop Loan Waiver Scheme in Telangana | TS Crop Loan Waiver Scheme Application From 2023 PDF | Telangana Crop Loan Online Registration 2023 | Crop Loan Waiver Scheme in Telangana Login | Crop Loan Waiver Eligibility Criteria | TS Crop Loan Waiver Status | TS Crop Loan Waiver Scheme Required Documents List | Crop Loan Mafi in Telangana
The government of Telangana has launched Crop Loan Waiver Scheme 2023 to benefit farmers of the Telangana state. Now the TS govt. has proposed to waive off all agricultural term loans upto Rs. 1 lakh outstanding farm loans of farmers. This is the next major step of the KCR govt. for farmers welfare after the introduction of Rythu Bandhu Scheme.
Crop Loan Waiver Scheme in Telangana 2023
Telangana government has come up with this TS crop loan waiver scheme so that the loans which have been undertaken by the farmers of the Telangana state can be waived off if they are not able to pay it back. Through the implementation of the TS Farm Loan Waiver Scheme, the farmers of the Telangana state will be able to live life happily and without any financial burden of loans and advances that they have taken from any of the people to carry on their daily livelihood. The state govt. of Telangana has proposed to waive off all agricultural term loans upto Rs. 1 lakh which are outstanding till the cut-off date.
Overview of Telangana Crop Loan Waiver Scheme 2023
|Name||TS Crop Loan Waiver Scheme|
|Launched By||State Government|
|Beneficiaries||All farmers of Telangana|
|Objective||To provide loan waiver upto Rs. 1 Lakh|
Crop Loan Waiver Scheme in Telangana Registration Guidelines
Crop Loan Waiver Scheme in Telangana will cover short term production loans and crop loans against gold disbursed to farmers in the Telangana State by scheduled Commercial Banks, Cooperative Credit Institutions (including Urban Cooperative Banks) and Regional Rural Banks collectively called as the “lending institutions”. The Amount eligible for waiver will be upto Rs.1.00 lakh (principal together with applicable interest) per family. The farmer family is defined as head of family, spouse and dependent children.
Gold Loans availed from Urban and Metropolitan Banks/Bank branches as Crop Loans shall not be eligible for waiver. However, Loans availed from the Urban/Metropolitan branches, which have rural areas also as their service areas are eligible for Loan waiver. The farmers who have outstanding loan upto Rs.25,000/- only will be waived off in the 1st Phase.
The Government vide G.O Rt No.206 dt 11.05.2020 had issued the Amendment Guidelines for crediting the benefit to the Loan Accounts of the eligible farmer instead of A/C payee Cheque. For monitoring the data, Logins have been provided to District Collectors, District Agriculture Officers and for updation of errors Logins have been provided to Agriculture Extension Officers.The complete guidelines of Crop Loan Waiver Scheme can be check from below link.
Eligible Loans in TS Crop Loan Waiver Scheme
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.
- Crop loans against gold given by Cooperative credit institutions including Urban cooperative banks, Regional rural banks.
Not Eligible Loans in Farm loan Waiver Scheme
The following loans are not eligible to be waived 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 restructured and rescheduled.
Eligibility Criteria for Crop Loan Waiver Scheme in Telangana
There are following eligibility criteria for Crop Loan Waiver Scheme in Telangana.
- 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 outstanding till 11 December 2018.
Telangana Crop Loan Waiver Scheme List / Status
Taking plight of the farmers into consideration in the state, the Government while giving priority to Agriculture sector has waived off the outstanding loans of all the farmers in the state. In the current dispensation, crop loans are usually sanctioned for a period of one year and rolled over at the end of the year on payment of interest. There are hardly, fresh few loans giving cash inflow to farmers thus forcing them to purchase high cost inputs on credit at a very high interest.
The Government of Telangana is convinced that unless this cycle is broken with crop loan waiver, farmers will remain trapped in perpetual indebtedness. Keeping in view this imperative, the Government of Telangana has once again formulated the Crop Loan Waiver Scheme 2023 following announcement made by Honorable Chief Minister in this regard. This scheme covers only institutional loans and does not cover loans from non-institutional sources.
For more information of Crop Loan Waiver Scheme in Telangana visit official website http://clw.telangana.gov.in/