Telangana government announces crop loan waiver for farmers up to Rs. 2 lakhs. Know eligibility criteria, covered loans, and loan amount of the scheme.
Great news for farmers in Telangana. The state government has announced a much-awaited crop loan waiver scheme to provide financial relief.
The Crop Loan Waiver Scheme is a revolutionary initiative by the Government of Telangana to support farmers in the state.
The Telangana government launched the revised Rythu Runa Mafi scheme in 2024, providing significant support to debt-stricken farmers.
Telangana Panta Runa Mafi scheme aims to waive off crop loans up to Rs. 2 lakhs for each farmer’s family, providing them with a fresh start and an opportunity to improve their financial stability.
| Name of the scheme | Telangana Crop Loan Waiver Scheme |
|---|---|
| Title | Telangana Rythu Runa Mafi Scheme 2024 |
| Subject | Telangana Panta Runa Mafi Scheme 2024 |
| Category | Scheme |
| Website | https://clw.telangana.gov.in/ |
| Telangana Rythu Runa Mafi Guidelines 2024 | GO.567 Telangana Crop Loan Waiver Scheme Guidelines Download 2024 From Here |
Telangana Crop Loan Waiver Scheme
- The Telangana government offers eligibility to all land-owning farmer families for the scheme.
- The scheme waives up to Rs. 2 lakhs per farmer family.
- Short-term crop loans taken between December 12, 2018, and December 13, 2023, are covered under the scheme.
- The waiver amount will be directly credited to farmers’ loan accounts.
- Ration cards will identify eligible farmer families.
Important Details to Remember
- The scheme covers loans from banks like Scheduled Banks, Regional Rural Banks, and District Co-operative Central Banks.
- The government will release the waiver amount in stages, starting with farmers who owe the least amount.
- If a family owes more than Rs. 2 lakhs, they need to repay the extra amount before getting the waiver.
- For families with multiple loans, the loan taken by a woman will be waived first.
Benefits of the scheme
- The scheme provides relief to farmers who are struggling with debt.
- It helps farmers to restart their agricultural activities without the burden of debt.
- The scheme also provides a boost to the agricultural sector in Telangana.
The Telangana government’s Pant Runa Mafi scheme is a significant step towards supporting farmers in the state. By waiving off up to Rs. 2 lakhs in loans, the government aims to ease the financial burden on farmers.