Ad
Ad
Ad
In a bid to reduce the financial burdens faced by farmers due to crop losses and loan defaults, the state government has extended its Agricultural Loan Waiver Scheme. Under this initiative, the government is now waiving off loans up to Rs 2 lakh for farmers in the state. This extension marks a significant increase from the previous limit of Rs 50,000. As of now, loans of more than 4.50 lakh farmers have been waived off, with the process ongoing for the remaining beneficiaries.
Also Read: Top 10 Advantages Farmers Can Expect from the 'Krishi Integrated Command & Control Centre'
Farmers who have taken crop loans up to the year 2020 or before are eligible for the scheme. This includes standard crop borrowers until March 31, 2020. Loans ranging from Rs 50,000 to Rs 2 lakh will be waived off under this scheme. Eligible farmers can register and apply for the scheme through the designated web portal.
Farmers seeking loan waivers can obtain and submit applications through the Farmers Common Service Center and banks. However, any outstanding loan amounts exceeding the prescribed limit must be repaid through Direct Benefit Transfer (DBT). Furthermore, the scheme ensures that applicant’s grievances are addressed promptly through online mediums.
Also Read: Farmers Must Submit Aadhaar Proof to Avail Subsidies
To avail of the loan waiver scheme, farmers must meet certain eligibility criteria set forth by the state government:
Also Read: Good News for Agricultural Workers: Rs 7660 Per Month & More Benefits Ahead
Certain categories of individuals are excluded from the loan waiver scheme. This includes former and present members of legislative bodies, government officials, pensioners with monthly pensions exceeding Rs 10,000, income taxpayers, and professionals such as doctors, engineers, lawyers, chartered accountants, and architects.
The Agricultural Loan Waiver Scheme aims to provide much-needed relief to farmers burdened by debt, ensuring their financial stability and promoting agricultural sustainability in the state.
Also Read: Mahindra Tractor Sales Report March 2024: Domestic Market Sales Drop by 28%, Exports Up by 26%
The Agricultural Loan Waiver Scheme in Jharkhand aims to reduce the financial burdens on farmers by waiving off loans up to Rs 2 lakh. Despite exclusions, the scheme has already benefited over 4.50 lakh farmers. With a focus on financial inclusivity and prompt resolution of grievances, it strives to foster agricultural sustainability.
Mahindra Tractors Launches Virtual Tractor Drive Experience with AI-Powered Personalization to Celebrate 60th Anniversary
Mahindra Tractor’s virtual drive uses AI to let farmers create personalized videos of themselves driving, celebrating 60 years of farming support....
07-Nov-24 05:14 AM
Read Full NewsRetail Tractor Sales Report for October 2024: Growth of 3.08% in Sales
October 2024 saw a 3.1% increase in tractor sales, with Mahindra & Mahindra leading, followed by gains for John Deere and CNH Industrial....
06-Nov-24 05:50 AM
Read Full NewsVST Tillers Tractors Sales Report October 2024: 1,783 Power Tillers and 680 Tractors Sold
VST's October 2024 sales showed strong growth in tractors, but power tiller sales declined, impacting overall year-to-date performance....
04-Nov-24 07:49 AM
Read Full NewsEscorts Kubota October 2024 Sales Report: 18,110 Units, 19.8% Growth
Escorts Kubota Limited saw strong domestic tractor sales growth in October 2024 but faced a notable decline in export sales....
04-Nov-24 06:25 AM
Read Full NewsMahindra Tractor October 2024 Sales Report: 65,453 Units, 30% Growth
Mahindra records 30% growth in October 2024 tractor sales, driven by strong demand, good harvests, and favorable government policies....
04-Nov-24 05:25 AM
Read Full NewsAutoNxt Begins Sales of Electric Tractor for Sustainable Agriculture
AutoNxt begins sales of an electric tractor, promoting sustainable farming with fuel savings, reduced environmental impact, and enhanced efficiency for farmers....
21-Oct-24 07:21 AM
Read Full NewsAd
Ad
Mini Tractors vs. Big Tractors: Differences, Pros, Cons, and Which One to Choose?
18-Oct-2024
Top 10 Rice-Producing States in India 2024: Rankings, Insights, Cultivation & Trends
16-Oct-2024
Subhadra Yojana: Empowering Women in Odisha with Rs. 50,000 Financial Support, Eligibility, Benefits, and Objectives
14-Oct-2024
Top 10 Tractors for Farming and Agriculture in India (2024)
11-Oct-2024
How Intercropping Can Help Sugarcane Farmers Increase their Income
03-Oct-2024
PM-KISAN: Financial Support, Eligibility, e-KYC & Application Process
26-Sep-2024
View All Articles
As featured on:
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002