MP Farm Loan Waiver New Cutoff Date Extension has been approved by the Madhya Pradesh Cabinet. Now According to new Extended cutoff date the farmer’s loans whose outstanding date is up to 12th December 2018 will be waived. Earlier the Chief Minister had been announced that only those loans which are outstanding till March 31, 2018 would be eligible for this scheme. Now according to MP Farm Loan Waiver New Cut Off Date the beneficiary will be covered up to date 12th December. According the online and offline government will bear a burden of approx. INR 45000 crore.
Beneficiary As New Cut Off Date Of MP Farmer Loan Waiver
On 5th January 2019 the chief minister of the Madhya Pradesh Mr. Kamal Nath under Farm Loan Waiver Scheme has extended outstanding loan date up to 12th December 2018. Now fresh decision will provide relief to thousands of beneficiary in the state. Another decision has announced by cabinet that loans dues worth Rs 2 lakh would be waived off for each farmer in the state. These loans have taken by the framers from nationalized, cooperative and regional banks. Now the number of the beneficiaries under the MP Farm Loan Waiver Extended Date will become 55 lakh including 35 lakh small and marginal agriculturists.
About Revised MP Farm Loan Waiver Scheme
|Scheme name||MP Farm Loan Waiver Scheme|
|Launced by||CM Kamal Nath|
|Launched date||17th December 2018|
|Revised scheme date||5th January 2019|
|Beneficiary||Farmer of the state|
|Waiver amount||Rs 2 Lakh|
|Loan outstanding date||Up to 12th December 2018.|
|Number of beneficiaries||55 lakh approx.|
|Cost of the scheme||INR 45000 Crore approx.|
|Category||State govt. scheme|
Silent Features Of Revised Loan Waiver Scheme
- Extended date of loan outstanding till 12 December 2018.
- MP Farm Loan Waiver New Cut Off Date will cover more beneficiaries.
- Loans dues worth Rs 2 lakh would be waived off for each farmer.
- Fresh decision is expected to provide relief to thousands of farmers.
Objective of MP Farm Loan Waiver New Cut Off Date extension
The major objective of MP Farm Loan Waiver New Cut Off Date extension is that government of the state wants to cover more and more lakh small and marginal agriculturists under the scheme. the MP Farm Loan Waiver New Cut Off Date will serve two benefits to the farmers the first one is that it will increase the number of beneficiary and the second one each farmer will be covered under the scheme whose loans are worth Rs. 2 lakh.
Eligibility For MP Farm Loan Waiver Scheme
- You should be the native of the state.
- Your Loan outstanding should come till 12th December 2018.
- Loans dues worth Rs 2 lakh.
How To Apply For Revised Loan Waiver Scheme
The government of Madhya Pradesh will automatically add all Beneficiaries under the Revised Loan Waiver Scheme. There is no need to apply for MP Farm Loan Waiver. Government of the state did not launch any portal or offline process for it. If you want to more about loan waiver scheme then contact to the responsible department or with the nearest bank.