Telangana to launch soon 2 Lakh Farm Loan Scheme: Check eligibility and latest updates

Telangana 2 Lakh Farm Loan Scheme 2024: Recently Governor of Telangana said that The Telangana State Government is in talks with the Banks for waiver of Crop Loans of the farmers to implement one of the promises made during assembly elections. This scheme called as Telangana 2 Lakh Farm Loan Waiver Scheme.

Through this scheme every farmers who take a crop loan from the banks and not able to repay because of loss are now avail the benefits under 2 lakh crop loan scheme of the government soon. In this article we provided the latest information about the scheme.

Telangana 2 Lakh Farm Loan Scheme latest news

What is Telangana 2 Lakh Farm Loan Scheme?

Recently during 75th Republic Day Speech, Governor of the state said to the people that state government launching soon a new scheme for the debt farmers of the state. Through TS 2 Lakh Farm Loan Waiver Scheme, state government pays the loan amount of the farmers behalf of them to the banks. She said further that Chief Minister Revanth Reddy signed MoUs which worth is 40,000 crore rupees during the trip of WEF at Davos.

Crop Loan Waiver in Telangana Amount

As per the scheme name suggests state government want to waived 2 lakh loan of the farmers. That’s why the amount should be waived under Telangana 2 Lakh Farm Loan scheme is 2 Lakh Rupees.

Key Highlights

Scheme Name2 Lakh Farm Loan Scheme
Will be Launched ByCM Revanth Reddy
Who are eligibleFarmers of the state
BenefitsNo need to pay crop loans by the farmers to the banks
How to ApplyOnline or Offline

What is the Objective?

Here we want to inform you that Telangana Congress Party announced so many other promises rather than Six Guarantees. This Rs 2 Lakh Farm Loan Waiver Scheme is one of the other guarantees promised by the Congress Party during Assembly elections. Through implementation of the scheme state government has a goal to free the state farmers from the crop debts. That’s state government pays the loan amount of farmers behalf of them.

Important Dates of Implementation of the scheme

We informed you earlier that state government is in talks with so many banks to implement the 2 Lakh Crop Loan Scheme. If all goes well then state government promised that this scheme will be displayed in annual budget of 2024.

Budget of Farm Loan Waiver Scheme in Telangana

As per the media reports there are nearly 40 lakhs farmers who didn’t pay the crop loan amount to the banks. So state government needs on an average Rs 40,000 Crore Amount to repay those all farmers.

TS 2 Lakh Farm Loan Scheme Eligibility and Documents

  • Only those farmers are eligible who are permanent resident of Telangana.
  • Those farmers who take a crop loans are eligible.
  • Applicant Farmers only waived up to Rs 2 lakh rupees under the scheme not more than that.
  • Age of the applicant should not below to the 18 years.
  • Aadhaar Card of the Applicant
  • Bank Loan Documents
  • Bank Details
  • Crop Details
  • Mobile Number

Note: Documents and Eligibility can change at the time of implementation the scheme. But don’t worry at that time we updates the information.

How to Apply for Telangana 2 Lakh Farm Loan Scheme?

State Government negotiating with banks right now. When the deal is final after that state government release application process for the scheme. Till not decided how to apply online or through Application Form. So you have to wait little bit up to the launching of annual budget.

Other SchemesTelangana Govt Schemes

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FAQs: TS 2 Lakh Farm Loan Waiver Scheme

When Crop Loan Waiver scheme will be launched in Telangana?

May be at time of launching annual budget.

Who can apply for farm loan waiver scheme in Telangana?

Debt Farmers of the state

How much loan amount should be waived under the Farm Loan Scheme?

Up to Rs 2 Lakh

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