Rajasthan loan waiver scheme set in motion

Special camps will be organised for distributing certificates

April 20, 2018 11:01 pm | Updated 11:01 pm IST - JAIPUR

CM Raje had announced the loan waiver scheme in this year’s Budget.

CM Raje had announced the loan waiver scheme in this year’s Budget.

The Rajasthan government’s Cooperative Department on Friday set in motion the scheme for loan waiver up to ₹50,000 each for farmers, announced by Chief Minister Vasundhara Raje in this year’s Budget. Special camps will be organised across the State for distributing loan waiver certificates to small, marginal and other farmers.

Cooperative Minister Ajay Singh Kilak said here that about 2.8 million farmers would benefit from the scheme, which would be applicable to the loans obtained from cooperative banks and institutions. “The outstanding loans as on September 30, 2017 are covered in the scheme. The lists of eligible small, marginal and other farmers will be released shortly,” he said.

According to the norms laid by the Cooperative Department, the marginal farmers are those who have land holdings measuring up to one hectare, while the small farmers have land holdings of one to two hectares. Other farmers, who own land holdings measuring above two hectares, will get the debt waive-off in decreasing proportion to every additional hectare of land.

e-mitra centres

Mr. Kilak said the farmers eligible to get the relief under the scheme could authenticate their loan as well as waiver amount at e-mitra centres. Besides, the district level committees will scrutinise the lists to ensure that they are free of error.

The Minister said a grievance redressal committee and a monitoring committee had been appointed to ensure the scheme’s implementation in a transparent manner. The nine-member monitoring committee will be headed by Additional Chief Secretary, Finance Department.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.