Telangana 2 Lakh Agricultural Loan Scheme:- The Telangana government is in talks with banks to launch the ₹2 lakh agricultural loan scheme known as the Telangana 2 lakh Agricultural Loan Waiver Scheme.
The government intends to introduce a farmer loan waiver of Rs 2 lakh crop benefit in Telangana to ease the crop-related financial burden on farmers. Read the article below to know more about the Telangana 2 Lakh Farm Loan Scheme.
Telangana 2 Lakh Farm Loan Scheme 2024
The Telangana Congress party has made so many promises in its election manifesto. The Telangana 2 lakh agricultural loan scheme is one of the six trusts.
In addition to the ‘six commitments’ that helped the party win the December 2023 elections; Congress made several other promises in its election manifesto.
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This is in addition to the Farm Loan Waiver Scheme, which promises to waive farm loans up to ₹2 lakh. During Prime Minister Revanthareddy’s recent visit to the World Economic Forum (WEF) in Davos, the government signed MoUs worth ₹40,000 crore.
TS 2 Lakh Farm Loan Waiver Scheme Details in Highlights
| Name | Telangana 2 Lakh Farm Loan Scheme |
| Launched by | Telangana government |
| Objective | to lessen farmers’ financial burden |
| State | Telangana |
| Benefit | farm loan is waived up to ₹2 lakh |
Objective of Telangana 2 Lakh Farm Loan Scheme(తెలంగాణ 2 లక్షల వ్యవసాయ రుణ పథకం లక్ష్యం)
On the advice of investment bankers, the government is willing to get a bank loan and credit the farmer’s loan directly to their account. This process will be finalized before the release of the current budget and if approved, it will appear in the 2024 Telangana Budget Session.
Implementation Date of Scheme
Although there is now uncertainty regarding the timetable of implementation, the loan waiver challenge will be settled this year.
Financial Details under Telangana 2 Lakh Farm Loan Waiver Scheme
- Farmer Loan Waiver – up to 2,00,000
- Fund needed – 40000 Crores
Benefits of Telangana 2 Lakh Farm Loan Scheme
The government can guarantee the banks, transfer the entire cost of the loan plus the interest and pay the banks in instalments. In turn, it could increase the company to deal with banks and pay farmers gradually.
After promising loan waiver of Rs 1 lakh, the previous BRS government waived farm loans totaling Rs 30,000 crore. In , the Congress made a landmark election campaign promise to waive farm loans up to Rs 2 crore.
“The state bankers’ committee will soon meet with the government to discuss possible options for the loan facility.
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FaQ
Q.What is Telangana 2 Lakh Farm Loan Scheme 2024 ?
Ans.The Telangana Congress party has made so many promises in its election manifesto. The Telangana 2 lakh agricultural loan scheme is one of the six trusts.
Q.What is Objective of Telangana 2 Lakh Farm Loan Scheme ?
Ans.On the advice of investment bankers, the government is willing to get a bank loan and credit the farmer’s loan directly to their account. This process will be finalized before the release of the current budget and if approved, it will appear in the 2024 Telangana Budget Session.
Q.What is Benefits of Telangana 2 Lakh Farm Loan Scheme ?
Ans.After promising loan waiver of Rs 1 lakh, the previous BRS government waived farm loans totaling Rs 30,000 crore. In , the Congress made a landmark election campaign promise to waive farm loans up to Rs 2 crore.
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Telangana Govt to Launch 2 Lakh Farm Loan Waiver Scheme Soon | తెలంగాణ 2 లక్షల వ్యవసాయ రుణ పథకం
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