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Farmer Loan Waiver Scheme


. The announcement of this new scheme has been done to address the issues of farmers. . It will release a lot of burden from the shoulders of the agricultural labors.


. All farmers, who have never missed any loan repayment installment, will be given Rs. 25,000 as an encouragement. . It has been stated in the budge that from now on, people will have to pay 9% tax for power consumption. It was 6% previously. . The new CM announced that the farmer crop loan waiver scheme will require as much as Rs. 6,500 crore.


. The benefits under the project will be available to those agricultural labors only who are permanent and legal residents of Karnataka. . Only those farmers will be able to apply who have taken an agricultural credit that is less than or equal to Rs. 2 lakhs. . Only those applicants will be able to reap the benefits of the scheme who have taken the credit between 1/04/2009 and 31/12/2017.


. It is estimated that like other loan waiver schemes, this one will also allow enrollment of small and marginal farmers. . All such farmers who have not paid any taxes for last three years constantly, they will not be allowed to get the benefits under this scheme. . In case any member of the farmer’s family is associated with any government office, then he will not be allowed to receive this farm loan waiver scheme.


. Residential documents . Aadhar card . Credit related papers . Bank account details . Farmer registration documents

For more information related to this scheme, click on the link given below

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