Farmers Loan Waiver Scheme is giving the benefits to those farmers of India who are unable to pay back the Loans of the banks. Recently the three states Madhya Pradesh, Chhattisgarh & Rajasthan has waived off the loan under the Farmers Loan Waiver Scheme. This is really an appreciating step which has been taken by the all three state government. Under the Scheme in all three states government has waived short term loans up to 2 Lakh Rupees. Every Govt. always tries to provide better option of survivals to the citizens of country. Farmers Loan Waiver Scheme 2019 waived a number of short term agricultural loans.
Table of Contents
MP, Chhattisgarh & Rajasthan Loan Waiver Scheme
The state government of Madhya Pradesh, Chhattisgarh & Rajasthan took a big decision and waived off the short term loan up to 2 lakh of the farmers of the state. The new elected Indian National congress was declared in their manifesto if their party comes in to the power then they will waive the Farmers Loan with in the 10 days. Farmers Loan Waiver Scheme will provide the benefits approximate 6.4 million farmers in all three states. All three state governments will bear total Rs 62100 crore Cost.
Brief summary of Crop Loan Waiver Proposal
| Scheme Name | Farmers Loan Waiver Scheme |
| Launched by | State Govt. of MP, Chhattisgarh & Rajasthan |
| Launched date | December 2018 |
| Objective | To promote agricultural sector |
| Total beneficiary | 64 lakh pprox |
| Total cost | 62100 crore approx |
| Category | State government scheme. |
Benefits of Farmers Loan Waiver Yojana
- It will provide the confidence in the farmers of the country.
- This initiative will promote agricultural sector in the country.
- It will reduce the burden of loan from the farmers.
Check PM Kisan Yojana List 2020
About Recent Three State Crop Loan Waiver Scheme
In the month of December 2018 the three states of the country MP, Chhattisgarh & Rajasthan took a big and appreciating decision. The all states waived the short term Farmers loan. This step will definitely boost the agricultural sector of the country. Total beneficiary under the scheme is 64 lacs and the total cost which will be bear by the states govt. is Rs 62100 core. Read more Gujarat Waiver Scheme
Features of MP Crop Loan Waiver Scheme
- Government are waiving Short term loan Up to 2 lakh rupee per head.
- Madhya Pradesh government will waive only Farming purposes loans.
Features of CG Crop Loan Waiver Scheme
- Government are waiving Short term loan Up to 2 lakh rupee per head
- CG govt. has decided Minimum Support Price (MSP) to Rs. 2,500 per quintal.
Features of Rajasthan Crop Loan Waiver Scheme
- Government are waiving Short term loan Up to 2 lakh rupee per head.
- Government will waive only Farming purposes loans.
- No other loan will be included under the scheme.
How to Apply Farmers Loan Waiver Scheme
A separate committee will be formed in all three states which will decide Guidelines, eligibility criteria and other parameters for Crop Loan Waiver Scheme 2019. we will update here each detail as soon as government will release it.
Quick links
| Central govt. scheme | Click Here |