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Farm Loan Waiver process to take pace in Rajasthan

Chief minister Vasundhara Raje had declared one-time loan waiver up to Rs 50,000 for small and marginal farmers in the overdue and outstanding category.

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Farm Loan Waiver Rajasthan

Farm Loan Waiver process to take pace in Rajasthan

With the assembly election around the corner, the state government is speeding the process of farm loan waiver as announced by chief minister Vasundhara Raje in her budget speech.

The camps for giving certificates of loan waiver to the farmers will be set up in the last week of May and before that many rounds of meetings will be held. This will be one of the major achievements of the state government before it goes to polls as it will benefit more than 28 lakh farmers.

On Friday, Raje presided over an important meeting in which the modalities of the farm loan waiver were discussed. Senior officials from the departments of finance, cooperative and others were in attendance.

The issue of the budgetary requirement for implementing the loan waiver was also discussed. Notably, Apex bank is dealing with the funds.

Chief minister Raje had declared one-time loan waiver up to Rs 50,000 for small and marginal farmers in the overdue and outstanding category. This loan waiver would cost Rs 8,000 crore to the exchequer.

Therefore, the preparations are being done at the level of departments of cooperatives and information technology to prepare the list of farmers entitled to relief.

After the budget session was over, the MLAs of ruling party had informed about the scheme of loan waiver to the farmers after they went back to their constituencies.

The state government had sent a team to many states, including Kerala, learn about the model set up by these state to waive off farm loans.

Source: DNA India

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