Crop Loan Waiver Initiative by the Telangana Government
The Congress administration in Telangana has declared a crop loan waiver of up to ₹2 lakh for farmers in a single transaction, as per Chief Minister A. Revanth Reddy’s recent announcement. He also outlined the formation of a cabinet committee, led by Deputy Chief Minister Bhatti Vikramarka, that will oversee the program’s implementation. Farmers can check their waiver status online through the official portal to see if their loans have been relieved under this scheme. Continue reading for more information on how to verify your Telangana Crop Loan Waiver status.
Second Phase of Telangana Crop Loan Waiver
Having already benefited over 11 lakh farmers in the initial phase, the Telangana government has now unveiled the second phase, set to begin on July 30, 2024. This stage aims to waive ₹1.5 lakh of loans per eligible farmer and is expected to clear all outstanding loans by August 15, 2024. This impactful initiative promises to improve the economic standing of Telangana’s agrarian community.
New Telangana Crop Loan Waiver Scheme Guidelines
Issued under G.O. Rt No. 567, the new scheme guidelines limit the waiver to ₹2 lakh per farmer family, relying on the Civil Supplies Department’s food security card database for eligibility. This waiver applies to short-term agricultural loans procured from December 12, 2018, to December 9, 2023. However, loans sourced from district cooperative banks, rural banks, and scheduled commercial banks are exempt. This initiative is poised to bring much-needed relief to Telangana’s farmers.
Quick Facts: Telangana Crop Loan Waiver Status
- Scheme Name: Telangana Crop Loan Waiver Status
- Initiated by: Government of Telangana
- Department: Department of Agriculture, Government of Telangana
- Beneficiaries: Farmers in Telangana
- Objective: To clear outstanding crop loans
- Application Mode: Online
- Official Website: clw.telangana.gov.in
Eligibility for Telangana Crop Loan Waiver
- Must be a long-term resident of Telangana.
- Primary occupation should be farming.
- Loan taken between December 11, 2018, and December 9, 2023.
- Only short-term loans are eligible for waiver.
Required Documentation
- Passport-sized photo
- Aadhaar card
- Identity proof
- Residence certificate
- PAN card
- Age certificate
- Loan certificate
- Bank passbook
- Loan account passbook
- Contact number and email ID
Benefits of the Telangana Crop Loan Waiver
Chief Minister Revanth Reddy has assured that the government will waive up to ₹2 lakh in farm loans per family in one transaction. This scheme allows farmers to check their loan status online, providing transparency and immediate updates on their waiver eligibility.
How to Check Telangana Crop Loan Waiver Status Online
Farmers can verify their status by accessing the Telangana Crop Loan Waiver Portal.
- Visit the official portal.
- On the homepage, click on the “Payment Status” option.
- Enter your details and select “Send OTP.”
- Enter the OTP and click “Submit” to view your status.
Alternatively, on PFMS:
- Access PFMS.
- On the homepage, choose the “Payment Status” option.
- Fill in your information and submit to check your status.
How to Check Telangana Crop Loan Waiver Status Offline
For offline verification, farmers can visit the bank where they hold their loan account. A bank representative can assist with a passbook update to confirm if the waiver amount has been credited.
Status Dashboard Information
The status dashboard displays:
- Applicant’s name
- Bank account details
- Personal details
- Bank name
- Current status (approved/pending)
Frequently Asked Questions
Who launched this crop loan waiver scheme?
Chief Minister Revanth Reddy confirmed that the Congress government would waive crop loans of up to ₹2 lakh in a single payment.
What is the maximum waiver amount?
Each family’s waiver is capped at ₹2 lakh.
How can farmers verify their loan waiver status?
Farmers can check their status online via the official Telangana Crop Loan Waiver Portal.