Telangana Loan Waiver Scheme: Third Phase Released – Check Eligibility

Key Highlights

• The third phase waives loans up to Rs 2 lakh.
• Over 4.46 lakh farmers benefit in Telangana.
• Loans taken between Dec 2018 and Dec 2023 are covered.
• The total cost of the phase: Rs 5,644.24 crore.
• Farmers can now secure new agricultural loans.

The state government has launched the third and final phase of its debt waiver scheme, providing significant relief to farmers. Agricultural loans taken by farmers are being waived in a phased manner. The government has previously implemented the first and second phases, waiving loans up to Rs 1 lakh and Rs 1.50 lakh respectively. Now, the third phase is underway, offering loan waivers for amounts up to Rs 2 lakh.

Key Details of the Third Phase

Under this scheme, loans of up to Rs 2 lakh will be waived for eligible farmers. This initiative is part of the state’s commitment to support the agriculture and agricultural community, helping farmers become debt-free and eligible for new loans. Previously, many farmers were unable to secure new loans due to outstanding debts. With the debt cleared, farmers can now approach banks for fresh agricultural loans, benefiting both the farmers and the banks.

Who Will Benefit?

The Fasal Karj Mafi Yojana, or crop loan waiver scheme, is targeted at farmers who have taken loans up to Rs 2 lakh between December 12, 2018, and December 13, 2023, but have been unable to repay them due to financial hardships or crop losses. This third phase is designed to cover those who have not yet received relief under the previous phases.

Scope of the Scheme

On August 15, 2024, the Telangana government implemented this final phase at a cost of Rs 5,644.24 crore. This phase will benefit over 4.46 lakh farmers across the state. The scheme is also known as the Raithu Karj Mafi Yojana. In the earlier phases, the state government spent Rs 6,098.93 crore to waive loans for 11,50,193 farmers and Rs 6,190.01 crore for 6,40,823 farmers, respectively.

Steps to Check Your Name in the Third List

If you have applied for the loan waiver and your name was not included in the previous lists, follow these steps to check if you are eligible for the third and final list:

1. Visit the PFMS portal and click on "Check Your Payment."
2. Enter your account number and bank details on the new page.
3. Submit the OTP sent to your registered mobile number.
4. Check your Raithu Runa Mafi status after submitting the OTP.
5. To view the loan waiver scheme list, log in to this portal at https://clw.telangana.gov.in/Login.aspx.
6. Enter your login details on the homepage.
7. Select your district and village from the beneficiary list option.
8. Download the PDF list to see if your name is included.

By following these steps, farmers can easily check their eligibility and benefit from the final phase of the loan waiver scheme, ensuring their financial stability and access to new agricultural loans.

Also Read: Chief Minister Maiya Samman Yojana: Rs. 1,000 Monthly for Jharkhand Women on Rakshabandhan

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The third phase of the loan waiver scheme provides crucial relief to Telangana’s farmers, helping them become debt-free and eligible for new loans. This final phase marks the government’s continued commitment to supporting the agricultural community, ensuring financial stability and growth for thousands of farmers across the state.