To overcome the debt burden on handloom weavers, Government of Telangana launched a new scheme known as ‘’The Telangana Loan Waiver Scheme’’ for handloom weavers in the state. Under this scheme government offer outstanding loans up to Rs 1 lakh per weaver so that they are not only able to become free stitchers from the clutches of indebtedness but also enable them to access fresh working capital from the banks and improve their quality of life. By offering this scheme government aims to uplift the status of handloom weavers by providing outstanding loans to them so that they are able to clear their debts and become debtless weaver in the state.
If you’re a resident and handloom weaver by profession and wish to avail this loan waiver scheme by knowing more about this scheme so keep reading this article for complete information regarding the Telangana Loan Waiver Scheme.
What is Telangana Rs 1 Lakh Loan Waiver Scheme
The Telangana Loan Waiver Scheme is a type of loan waiver scheme designed by Government of Telangana to support handloom workers by providing outstanding loans up to Rs 1 lakh per weaver. By offering this scheme government aims to provide a chance to handloom weavers so that they are not only able to clear their loan and reduce the burden of debt on them but also enable them to secure fresh working capital from banks and improve their livelihoods. This scheme is just like an opportunity in the lives of handloom weavers through which they can easily waive outstanding loans up to Rs 1 lakh and become debt-free weaver in the state.
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Objective of Telangana Loan Waiver Scheme
The main objective of Telangana Loan Waiver Scheme is to waive outstanding loans up to Rs 1 lakh per weaver so that they are able to come out from the debt burden and become debtless weaver in the state. By offering this scheme government aims to uplift the status of handloom weavers by providing outstanding loans to them so that they are able to clear their debts and become debtless weaver in the state. Through the help of this loan waiver scheme handloom weavers are able to come out from the web of debt and able to secure fresh working capital from banks and improve their livelihoods.
Short Summary of Telangana Loan Waiver Scheme
| Name of the Scheme | Telangana Loan Waiver Scheme |
| Introduced By | Government of Telangana. |
| Year of Approval | 2025-26 |
| Objective | To provide debt relief to handloom weavers by waiving off outstanding loans up to Rs. 1 lakh per weaver |
| Total Outlay | Rs. 33 lakhs |
| Benefits | Deserving handloom weavers receive outstanding loans so that they are able to clear their debts and become debtless weaver in the state. |
| Beneficiaries | Handloom weavers of Telangana. |
| Mode | Online |
| Official Website | – |
Financial Benefits
- Under this scheme government provide debt relief to handloom weavers by waiving off outstanding loans up to Rs. 1 lakh per weaver, covering the period from April 1, 2017, to March 31, 2024.
Eligibility Criteria
To be eligible for Telangana Loan Waiver Scheme, applicant must have to meet the following eligibility criteria’s these are as mentioned below
- Applicant must be a permanent resident of Telangana.
- Applicant must be a handloom weaver by profession.
- Applicant must have taken loans from April 1, 2017 to March 31, 2024.
Required Documents
- Aadhaar Card
- Resident Proof
- Bank Passbook
- E-mail ID
- Passport Sized Photograph
- Phone Number
Salient Features
- Support to Handloom Weavers:- Under this scheme government provide support to handloom weavers by waiving their outstanding loans up to Rs 1 lakh.
- Reduce Debt Burden:- Through the help of this outstanding loan waiver scheme handloom workers are able to reduce the debt burden on them and their families.
- Total Budget:- For the effective implementation of the scheme, government launched a total budget of Rs. 33 lakhs for the handloom workers of the state.
- Access to Fresh Working Capital:- By offering this scheme government aims to support handloom weavers by enabling them to give access to fresh working capital from banks and improve their livelihoods.
- Free from Clutches of Indebtedness:- Through the help of this scheme every weaver across the state are able to free from the clutches of indebtedness
Selection of Beneficiaries
The selection of candidates for the Telangana Loan Waiver Scheme, is based on certain criteria, which include:
- Check Eligibility: First of all, applicants must check their eligibility before applying for the Telangana Loan Waiver Scheme scheme.
- Submission of Application: After that, eligible candidate must fill out the application form through the official website designed by Government of Telangana.
- Verification of Documents: In this step all the filled details are checked by the officials either the details are valid or not.
- Preparation of Beneficiary List: Once the checking process is over, a beneficiary list is prepared by the top authorities which includes residency, profession, etc.
- Announcement of List: In this name of beneficiaries declared by the officials Publicly.
- Funds Disbursement: After the announcement of list eligible applicants are ready to get their financial award as per their conditions.
Application Process
To apply online for Telangana Loan Waiver Scheme applicant must have to follow some simple steps these are as mentioned below:-
Step 1: After clearing all the eligibility criteria’s applicant need to visit the official website.
Step 2: Homepage of the official website will appear on the screen,
Step 3: Now applicant need to click on “Apply Online” option.
Step 4: As the applicant click on apply online an application form will be open on the screen.
Step 5: Now applicant need to enter all the asked details the given box, and upload all the necessary with the form.
Step 6: Once quickly review all the mentioned details carefully.
Step 7: At last, click on Submit option to complete the application process.
FAQs
Q. Which Government launched Loan Waiver Scheme 2025?
Government of Telangana launched Telangana Loan Waiver Scheme 2025.
Q. Is this website is only available for citizens of Telangana?
Yes, this website is only available for citizens of Telangana.
Q. What are the benefits covered under this Telangana Loan Waiver Scheme?
Under this, government waive outstanding loans up to Rs 1 lakh per weaver so that they are able to come out from the web of debt & become debtless weaver in the state.