Loan waiver scheme for farmer in MP, Chhattisgarh and Rajasthan

December 20, 2018

Within a few hours of the formation of Congress government in Madhya Pradesh, Chhattisgarh and Rajasthan, the government has given great relief news for the farmers. In all three states, the Congress government has waived the agricultural debt of the farmers. First of all, the government of Kamal Nath in Madhya Pradesh announced to waive the loan up to 2 lakhs of farmers of their state. Under this scheme, the farmers who have taken loans of 2 lakh from any national bank or co-operative bank till March 31, 2018, all the loans will be waived. If the loan amount of the farmer has increased to more than 2 lakh with interest, then the government will be waive for Rs 2 lakh and the balance amount will be pay by the farmer.No limit on land has been set for farmers for the debt waiver. That is, the farmers of every class are eligible for the agriculture loan waiver scheme.
In Chhattisgarh, the Congress government has announced to waiver agricultural loans for the farmers. Under this scheme loan upto Rs 2 lakhs will be waived by the farmers from all the government banks and cooperative banks. The benefits of this scheme can be raised by the farmers who have taken agricultural loans before March 31, 2018.
The Congress government of Rajasthan has also announced to waiver the farmers’ debt. Under this scheme of debt waiver, the debt of all the farmers will be waived, which took loan of Rs 2 lakh from any national bank or co-operative bank till 30 November 2018.
Through the Congress government, farmers’ debt waiver scheme is getting a positive view towards the Congress in the farmers across the country. Farmers from all corners of the country have now hoped that their government will be liable only when the Congress government comes to power at the center. In 2008, when the Congress government was at the center, the government had waived agricultural debt, due to which the farmers were enthusiastic and supported the Congress in the 2009 Lok Sabha elections. The present BJP government of the Center has made it clear that he has no plans to waiver agricultural loans, because the government believes that waiver of agriculture credit develops a habit of forgetting and taking loans in the farmers.

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