The Telangana state government has launched the Telangana Loan Waiver Scheme for Handloom Weavers. To provide financial relief to the citizens of Telangana state who are working as Handloom wavers the Telangana state government has launched the Telangana Loan Waiver Scheme. Under this scheme, the Telangana state government will waive all the outstanding loans of the handloom weavers in the state. The scheme aims to help those farmers who are struggling to pay their outstanding loans. All the students of Telangana state who clear the eligibility criteria are requested to visit the official website and fill out the application form online to avail the benefits of the scheme.
Telangana Announced Rs 1 Lakh Loan Waiver Scheme
The Telangana state government approved the Rs 1 Lakh Loan Waiver Scheme on Sunday 9th March 2025. According to the information, the Telangana state government approved a total of INR 33 crore under the scheme to waive the outstanding loans of the citizens working as handloom weavers. All the outstanding loans worth INR 1 lakh are eligible to get waved under the scheme. To avail of the benefits of the scheme the Handloom Weavers must sanction their loan between 1st April 2017 to 31st March 2024. This scheme will eliminate financial stress on the Handloom Weavers was struggling to pay of their debt.
Also Read: Free Sewing Machine Scheme
Objective of Telangana Loan Waiver Scheme
The main objective of laundering the scheme is to uplift the social status and standard of living of the financially weak citizens of Telangana state working as handloom weavers. With the help of this scheme, the handloom weavers can easily pay off their debts and start working again with a fresh mindset and capital. This scheme is a great initiative to encourage the culture and traditions of handloom artistry in Telangana state.
Helpful Summary of Telangana Loan Waiver Scheme
| Key Highlights | Details |
| Name of the Scheme | Telangana Loan Waiver Scheme |
| Launched By | Telangana State Government |
| Launch Date | 2025 |
| Announced By | Telangana State Chief Minister |
| Purpose | Help handloom weavers |
| Beneficiaries | Citizens of Telangana |
| Target Beneficiaries | Handloom weavers with an outstanding loan |
| Advantage | Waive outstanding loan |
| Eligibility Criteria | Working as a handloom weaver |
| Required Documents | Aadhaar Card, Bank account |
| Application Process | Online |
| Official Website | [Website URL] |
Financial Benefits
- The selected Handloom Weavers under the scheme will get their outstanding loans waived under the Telangana Loan Waiver Scheme for Handloom Weavers.
Eligibility Criteria
- The citizens must be a permanent residents of Telangana state.
- The citizens must be working as a handloom weaver.
- The citizens must have taken their loan between the 1st of April 2017 and to 31st of March 2024.
Also Read: Telangana Crop Loan Waiver Scheme
Required Documents
- Aadhar Card
- Email ID
- Mobile Number
- Address Proof
- PAN Card
Salient Features
- Maximum limit of loan: Only dose beneficiaries who have an outstanding loan of up to INR 1 lakh will get their loan waived.
- Announcement: The Telangana state government announced the scheme on Sunday, 9th March 2025.
- Budget: The scheme was approved by the authorities with a total budget of INR 33 crore.
- Objective: To remove the financial strain and allow the handloom weavers to continue their artistic work the scheme was launched.
Selection of Beneficiaries
- The beneficiaries will be selected on the basis of their clear ends of eligibility criteria.
- To be selected by the authorities you must have an outstanding loan of not more than INR 1 lakh.
- The beneficiaries must have all the required documents before submitting the application form to be selected.
- The handloom weavers must be financially weak and not able to pay off their loans will be selected by the Telangana state government.
Application Process
STEP 1: All the handloom weavers who clear the eligibility criteria are requested to visit the official website to apply for the Telangana Loan Waiver Scheme for Handloom Weavers.
STEP 2: Once the handloom weavers reach the homepage of the official website they must locate and click on the option called “apply now”.
STEP 3: A new page will appear on your desktop screen the handloom weavers must enter all the details that are asked and attach in necessary documents.
STEP 4: After entering the details the handloom weavers must quickly review it and click on the option “submit” to complete their process.
FAQs
What is the maximum amount of loan that will be waived under the Telangana Loan Waiver Scheme?
The maximum amount of loan that will be waived under the Telangana Loan Waiver Scheme is INR 1 lakh.
What is the total budget set up by the Telangana state government under the Telangana Loan Waiver Scheme?
A total budget of INR 33 crore was set up by the Telangana state government under the Telangana Loan Waiver Scheme.
Who is eligible to avail the benefits of the Telangana Loan Waiver Scheme?
All the handloom weavers who have taken loans between 1st April 2017 to 31st March 2024 are eligible to avail the benefits of the Telangana Loan Waiver Scheme.