Telangana 2 Lakh Farm Loan Scheme:- The Government of Telangana has recently launched a 2 Lakh agriculture credit program called as Telangana 2 Lakh Farm Loan waiver Scheme. The governor of Telangana said that the State Government is in talks with banks for a waiver of crop loans of the farmer to lessen farmers’ financial burden on their crops. Through this is scheme every farmer who takes a crop loan from the bank not able to repay that’s way loss is now avail of the benefit in the 2 Lakh Farm Loan Scheme of the govt. soon. The Government intends to introduce a farmer loan waiver of 2 Lakh benefits on crops in the Telangana State. We will provide the latest information about the scheme in this article. Read this article till the end for more information about the 2 Lakh Crops Loan Scheme.
Telangana 2 Lakh Farm Loan Scheme 2025
The Telangana Government of the present time made so many promises in its election manifesto. TS 2 Lakh Farm Loan Scheme one of them the six guarantees. Besides the six guarantees; the state Government will launch a new scheme for the debt farmer of the state. This includes the farm loan waiver scheme. Through the 2 Lakh Farm Loan Waiver Scheme state government pays the loan amount of the farmer on behalf of banks. The Government signed MoUs worth Rs 40000 crore during Chief Minister of Telangana Shri Revanth Reddy’s recent trip to the World Economic Forum (WEF) at Davos. As per the scheme name suggests, the state Government waived 2 Lakh loans of the farmers. That’s why the amount should be waived under the Lakh Farm Loan Waiver Scheme is 2 lakh rupees.
Key Highlight of Telangana 2 Lakh Farm Loan Scheme
| Scheme name | Telangana 2 Lakh Farm Loan Scheme |
| Launched by | CM Revanth Reddy |
| State | Telangana |
| Year | 2024 |
| Beneficiary | Farmer of the state |
| Objective | To lessen farmers financial burden |
| Benefit | No need to pay crop loans by the farmer to the bank |
| Application process | Online or Offline |
| Official website | Launched soon |
Objective of TS 2 Lakh Farm Loan Waiver Scheme 2024
The main objective of the 2 Lakh Farm Loan Scheme the state government has a goal to free the state farmers from the crops debts. With the advice of financial bankers, the Govt. intends to obtain a bank loan and directly deposit the farmer’s loan to their account. That’s state Govt. pays the loan amount of farmer behalf of them. This plan will be complete before the release of the current budget and if accepted it will be disclosed during the budget session of Telangana in 2024.
Implementation Date
The Government of Telangana is in talk 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 in 2024.
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Telangana 2 Lakh Farm Loan Scheme of Budget Amount
According to the media reports there are nearly 40 lakh farmers who don’t pay for crop loan amount to the banks. So the state Govt. need on an average Rs 40,000 Crore Amount to repay those all farmers.
2 Lakh Farm Loan Scheme Telangana 2024 of Benefits
- Chief Minister of Telangana Shri Revanth Reddy announced Two Lakh Farm Loan Scheme.
- This scheme will be helpful for the farmer of the state.
- The Government can guarantee the banks, shifting.
- The total cost of the loans and interest to the government in place of paying the bank in installments
- In turn it can float a corporation to negotiate with banks and pay farmer in phase.
- Its pledge to view debts up to Rs 1 lakh.
- Previous BRS Govt. waived farm loans totaling Rs 30,000 crore.
- In 2023, the Congress party made a significant election campaign pledge to forgive up to Rs 2 lakh in farm loan.
- State level bankers committee and the Government will meet soon to discuss potential option for the loan forgiveness scheme.
Eligibility Criteria
- The farmer only are eligible who permanent resident of Telangana
- Farmer are eligible who take a crop loan
- The applicant should not below to 18 years.
- Applicant farmer only waived up to Rs 2 Lakh rupees under the scheme not more than that.
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Require Documents
- Aadhar Card
- Resident Certificate
- Age Certificate
- Bank Loan Document
- Bank Detail
- Crop Detail
- Mobile Number
Application Process to Telangana 2 Lakh Farm Loan Scheme 2024
Telangana Government negotiating with banks right now. When the deal is final after that state Government release application process in this scheme, till not decided how to apply online or through Application Form. So you have to wait till launching the budget.
FAQs
The loan amount should be waved in the Farm loan scheme up to 2 lakh.
2 Lakh Farm L
oan Waiver Scheme will be launched in Telangana may be at time of launching annual budget.
The Debt farmers of the state can apply for TS 2 Lakh Farm Loan Scheme.