Telangana Loan Waiver Scheme for Handloom Weavers 2025: How to Get Benefits

Telangana Loan Waiver Scheme for Handloom Weavers 2025, How to Get Benefits: The Telangana state government has introduced the Telangana Loan Waiver Scheme for Handloom Weavers to provide financial relief to handloom weavers across the state. This initiative aims to support those weavers who are facing challenges in repaying their outstanding loans. Under this scheme, the Telangana government will clear all the pending loans of handloom weavers in the state. The scheme is designed to assist weavers who are struggling financially. Weavers in Telangana who meet the eligibility criteria are encouraged to visit the official website and complete the online application process to avail themselves of the scheme’s benefits.

Telangana Announced Rs 1 Lakh Loan Waiver Scheme

On Sunday, March 9th, 2025, the Telangana state government approved a loan waiver scheme worth Rs 1 Lakh. The government has allocated a total of INR 33 crore for this initiative, aimed at clearing the outstanding loans of handloom weavers. Under this scheme, loans of up to INR 1 lakh will be waived for eligible beneficiaries. To qualify, handloom weavers must have sanctioned their loans between April 1, 2017, and March 31, 2024. This initiative is expected to provide significant relief to handloom weavers who have been struggling with financial burdens due to unpaid loans.

Objective of Telangana Loan Waiver Scheme

The primary aim of this scheme is to enhance the social status and improve the standard of living of the financially disadvantaged handloom weavers in Telangana. Through this initiative, the handloom weavers will have the opportunity to clear their debts and restart their work with a renewed mindset and additional capital. This scheme is a significant step in promoting and preserving the rich culture and traditions of handloom artistry in Telangana.

Short Details in Telangana Loan Waiver Scheme 2025

Financial Benefits

Under the Telangana Loan Waiver Scheme for Handloom Weavers, selected weavers will have their outstanding loans completely waived. This initiative is designed to provide financial relief to handloom weavers by clearing their pending loan amounts.

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.

Required Documents

• Aadhar Card
• Email ID
• Mobile Number
• Address Proof
• PAN Card

Salient Features

• Maximum Loan Waiver: Only beneficiaries who have an outstanding loan of up to INR 1 lakh are eligible for the loan waiver.
• Announcement: The Telangana state government officially launched the scheme on Sunday, 9th March 2025.
• Budget: The scheme has been allocated a budget of INR 33 crore by the authorities.
• Objective: This scheme aims to alleviate the financial burden on handloom weavers, enabling them to continue their artistic work and livelihood.

Selection of Beneficiaries

• Beneficiaries will be selected based on their fulfillment of the specified eligibility criteria.
• To qualify for selection, applicants must have an outstanding loan balance of no more than INR 1 lakh.
• Applicants are required to submit all necessary documents along with their application form for consideration.
• The Telangana state government will prioritize handloom weavers who are financially disadvantaged and unable to repay their loans when selecting beneficiaries.

Telangana Loan Waiver Scheme for Handloom Weavers 2025 Application Process

Step 1: Handloom weavers who meet the eligibility criteria should visit the official website to apply for the Telangana Loan Waiver Scheme for Handloom Weavers.

Step 2: Once on the homepage of the official website, locate and click on the “Apply Now” option.

Step 3: A new page will appear. Handloom weavers must fill in all the required details and upload the necessary documents.

Step 4: After completing the details, review the information carefully and click the “Submit” button to complete the application process.

Telangana Loan Waiver Scheme for Handloom Weavers 2025 Link

Frequently Asked Questions (FAQs)

1. What is the maximum loan amount that will be waived under the Telangana Loan Waiver Scheme?

The maximum loan amount that can be waived under the Telangana Loan Waiver Scheme is INR 1 lakh.

2. What is the total budget allocated by the Telangana state government for the Telangana Loan Waiver Scheme?

The Telangana state government has allocated a total budget of INR 33 crore for the Telangana Loan Waiver Scheme.

3. Who is eligible to avail the benefits of the Telangana Loan Waiver Scheme?

Handloom weavers who have taken loans between 1st April 2017 and 31st March 2024 are eligible to benefit from the Telangana Loan Waiver Scheme.