Farm Loan

Telangana govt's proposed farm loan waiver scheme to benefit 7 mn farmers

Telangana government is all set to launch a farm loan waiver programme, part of its poll promise benefitting 70 lakh farmers, on Thursday, official sources said. Chief Minister A Revanth Reddy had earlier announced that the government would implement the loan waiver up to Rs 2 lakh by August 15. The loan waiver funds up to Rs one lakh will be deposited in the farmers' accounts at 4 pm on Thursday. The chief minister said Rs 7,000 crore in total would be credited to the accounts of farmers whose loans of up to Rs one lakh are being waived. Crop loans of up to Rs 1.5 lakh would be waived by the end of July, and the loan waiver process would be completed in August when loans of up to Rs two lakh are dispensed with. Reddy also suggested organising a gathering of farm loan waiver scheme beneficiaries at "Rythu Vedikas" and Ministers, MLAs and other public representatives of the respective districts should also attend and share the joy with the farmers. Ahead of the launching of the ...

Chhattisgarh: Farm loan disbursement goal nears 100% in election year

The state had set a target of disbursing farm loans worth Rs 6,100 crore to the farmers in the current kharif marketing season

Rajasthan govt to draft new law to stop auction of small farmers' land

Guha directed the officials that the Rajasthan Farmers Loan Relief Act should be prepared within a month

Farm loan waiver scheme to be back if Congess wins MP: Kamal Nath

Madhya Pradesh Congress unit has announced that it would reintroduce the farm loan waiver scheme, which was part of its manifesto in the 2018 Assembly polls, if voted to power in the 2023 elections

Government proposes 10% hike in farm loan target for fiscal 2022

The FM asserted that the government is committed towards farmers' welfare

Maharashtra budget allocates Rs 7,000 crore for farm loan waiver scheme

So far, a sum of Rs 9,035 crore has been transferred to the accounts of farmers, Pawar told the Assembly.

Govt mulls waiving interest on timely crop loan repayment as new year gift

There is also a proposal to completely waive premium for taking insurance policy for food crops. The premium on horticultural crops could also be reduced

Farm loan waivers hit state fisc, shouldn't be part of poll promises: Rajan

Rajan, who was RBI governor for three years till September 2016, is currently teaching at the Chicago Booth School of Business

Focus on timely repayment

Huge pile-up of non-performing assets in banks is an acute problem

How farm loan waivers can hurt

Such bailouts do not have any measurable impact on improving consumption