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Telangana Crop Loan Waiver Scheme – Features & Eligibility

Waiving of the debts by government gives a sigh of relief to the poor farmers. The condition of poor farmers has always been a matter of concern, even if it is the farmer of the youngest state of India i.e. Telangana. The government of the state recently announced a crop loan waiver of amount upto 1 lac if the loan was taken before December 11, 2018.

Telangana Rashtra Samithi (TRS) took this step right before the elections and it is estimated that this will secure their position in power. This initiative has been taken on a vote-on-account basis just like BJP’s declaration of interim budget on February 1, a couple of months before general elections of 2019.

CM of the state Mr. K. Chandrasekhar Rao declared that a total sum of Six thousand crores will be invested in this scheme. However, the final and full budget will be declared only after the center announces theirs. Speculations are being made about this scheme as Rythu Bandhu (friend of farmer) was already implemented and a budget of Rs 20,107 crore was set for agriculture. The scheme offers assistance to farmers before every cropping season and the amount is also revised to meet the needs of farmers. Another scheme of providing insurance to farmers having the name Rythu Beema also infused Rs 650 crores in Telangana economy. Other schemes for pensioners and unemployed people were also launched, hence the need of vote-on-account launch of Crop Loan Waiver scheme is being questioned.

Benefits Offered in Telangana Crop Loan Waiver Scheme

  1. This Crop Loan Waiver Scheme will offer financial support of Rs 10, 000 per acre.
  2. PM’s Kisan Samman Nidhi is an additional support for these farmers.
  3. Other supporting schemes are also in the plan.

How to Apply for Telangana Crop Loan Waiver Scheme

Although the fresh proposal for loan waiver scheme will be implemented after the elections, it will probably remain like the previous loan waiver held in 2018. The farmers who are under debt will have to register for the crop loan waiver scheme by visiting the commercial bank they took the loan from. After registration, they will have to present certain documents for verification on a certain date.

Documents required to Apply for Telangana Crop Loan Waiver Scheme

  • Self-attested declaration
  • Photocopies of Aadhaar and ration cards
  • Information related to the land on mortgage(s)

Special Cases

If the farmer under debt is no more, the family members may request loan waiver by visiting the branch of bank, getting registered and presenting the requested documents. Apparently, the Helpline number – 1077 will also be available for help along with the assistance of Village Panchayats.

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