Over 36,000 farmers to get crop loan waiver in Tiruchi district
The Department of Cooperation in Tiruchi has finalized a list of over 36,000 farmers eligible for a state-sponsored crop loan waiver. This initiative follows the Chief Minister's announcement of a tiered waiver system to support marginal and small farmers.
Why it matters
Agricultural debt relief is a critical economic policy in India that directly impacts the financial stability of the rural farming population.
The Department of Cooperation has prepared a provisional list of beneficiaries under the State government’s crop loan waiver scheme in Tiruchi district.
Soon after the new government assumed office in May, Chief Minister C. Joseph Vijay had announced the waiver of crop loan availed up to ₹50,000. However, the announcement did not go well among the farmers, and various farmers associations demanded that the State government grant total waiver of crop loan. Taking into account their demands, Mr. Vijay, upon his coalition government’s completion of 100 days in office, announced a full farm loan waiver of up to ₹75,000 for marginal, small, and other farmers recently.
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