Under the agricultural loan waiver programme, the government has initiated preparations to discharge a crop loan amounting to Rs 2 lakh.
Fortunately, prior to this date, the crop loan waiver programme will exempt farmers' loans.
On June 4, following the release of the Lok Sabha election results, farmers may receive some positive news. Officials have been directed by the government to initiate the procedure for eliminating agricultural loans totaling Rs 2 lakh. At present, seven segments of voting are being carried out in anticipation of the 2024 Lok Sabha elections. Four phases of voting have been concluded thus far. Voting is currently scheduled for the twentieth, twenty-fifth, and seventh phases on May 20, May 25, and June 1, and the results will be released on June 4. Many new schemes for the common people and farmers of the country will be introduced in the wake of the Lok Sabha election results, and the government will fulfil its election pledges in numerous ways while providing relief. Farmers continue to await the implementation of the agricultural loan waiver programme. Lakhs of farmers may be eligible to receive the agriculture loan waiver scheme if the state government meets its election pledge.
The state government has initiated the process of waiving farmer loans prior to August 15, 2024, and has delegated the collection of funds to officials. Please inform us from this Tractor Kharido post which producers will be eligible for the Agricultural Loan Waiver Scheme.
The Farmer Loan Waiver Scheme will provide assistance to farmers who are in need of agricultural loans.
The nation's producers perpetually find themselves entangled in a labyrinth of crop loans. Each year, he obtains a fresh crop loan and subsequently repaid the previous one. This sequence has persisted for an extended period of time. But frequently, circumstances arise that prevent a farmer from timely repaying the crop loan. In order to break the cycle of crop loans for farmers, the state government has announced that the crop loan waiver programme will be advantageous to the farmers.
Priority will be given to these producers under the Crop Loan Waiver Scheme.
The Crop Loan Waiver Scheme will provide assistance to marginal and small-scale farmers who have obtained loans from commercial, cooperative, and regional rural banks. Chief Minister of Telangana A. Revanth Reddy has instructed officials to waive loans of up to Rs 2 lakh for state farmers by August 15, 2024, and has also recommended that officials examine the farmer loan waiver policies of Maharashtra, Rajasthan, and other states.
A sum of Rs 32,000 crore is required to waive agrarian loans.
The government will require Rs 32,000 crore in order to forgive Telangana farmers' crop loans. Throughout his Lok Sabha campaign, chief minister A. Revanth Reddy pledged to forgive farmers' liabilities of up to Rs 2 lakh. In its election manifesto for the 2023 assembly elections, the Congress had previously pledged to waive agrarian loans without specifying the date. Currently, throughout the Lok Sabha election campaign, the pledge to waive loans for farmers prior to August 15, 2024 has been reiterated numerous times.
The government intends to form a special corporation.
As an additional gesture of goodwill towards farmers, Chief Minister A. Revanth Reddy has requested that officials establish a special corporation. The chief minister, in addition to directing officials to secure funds within the allotted time prior to the removal of the election code of conduct, advised them to seek guidance from bankers who are willing to contribute substantial sums of money.
Documents necessary to waive an agricultural loan
Certain paperwork is required to participate in the Telangana Crop Loan Waiver Scheme. that is comparable to this:
- residential proof
- Aadhaar proof
- Voter ID Card
- Bank account details
- mobile number
- passport size photo
- Ration card
- income certificate
- land records
Portal for the online agricultural loan waiver programme
Farmers can access additional details regarding the Telangana Crop Loan Waiver Scheme by visiting the official website.
https://clw.telangana.gov.in/Default.aspx .
Additionally, paddy producers can take heart: the procurement of paddy will be concluded prior to the monsoon's arrival.
Additionally, Chief Minister of Telangana Revanth Reddy has delivered positive news for paddy producers. Paddy procurement by the government will be concluded prior to the state's monsoon season. The chief minister, while instructing the officials to expedite the procurement of paddy, stated that no intermediaries should be involved in this procedure. It has also been recommended that the government implement strategies to acquire cereal from farmers, refine it through milling, and distribute high-quality rice to stores that charge reasonable prices. The CM issued an order to finalise paddy procurement prior to the onset of the monsoon season. Farmers in Telangana are encountering numerous challenges as a result of the prolonged government procurement process for maize. This announcement was issued by the state government in response to the growing opposition from producers.
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