Jai Kisan Rin Mukti Yojana

Madhya Pradesh is considered to be one of the largest Indian states that heavily rely on agricultural practices. The state's prosperity and revenue come only from agriculture. However, farmers sometimes do not have adequate financial assistance to meet their requirements. Due to this, some farmers take loans from banks and end up failing to repay it to the banks. To remove this burden from the farmer's shoulders, the Madhya Pradesh government has implemented a scheme called as Jai Kisan Rin Mukti Yojana (JKRMY).

Overview of the Scheme

Jai Kisan Rin Mukti Yojana or Farm Loan Waiver Scheme or Karja Maafi Scheme was announced on December 17th, 2018 by the Chief Minister of Madhya Pradesh. The scheme received cabinet approval on January 5th, 2019 and is officially launched on 15th January 2019. The project supervised by the Agricultural Development Department of Madhya Pradesh begins the credit waiver program from 22nd February 2019.

Salient Features of Jai Kisan Rin Mukti Yojana

The characteristic features of the scheme are given below. Development of Farmers and Agriculture By implementing this scheme, the new state government paves the path for the enhancement of farmers and the agricultural sector. Total Credit Waiver The scheme ensures that all the eligible and selected applicants will receive an amount of Rs. 2 lakhs as assistance. Selected Banks Only The scheme draft mentions that farmers will be permitted to obtain benefits if the loan is acquired from selective financial institutions. These selected financial institutions include rural banks, nationalised financial organisations and cooperative banks. Farmers who obtained credits from private sector banks are not eligible for this scheme. Credit Application Date The state has finalised that those applicants who have applied and acquired credit before the 31st March 2018, will be eligible to attain the benefits. At present, this date has been extended until the 12th of December 2018. Therefore many farmers can become a part of this scheme. Total Number of beneficiaries The State Government has confirmed that with proper implementation of the farmer loan waiver project, approximately 55 lakh eligible agricultural labours would be helped. Total Budget The state agriculture department has suggested that the Government allocate a sum of Rs. 50,000 crore to reach out to all the eligible beneficiaries.

Eligibility

Given below are the eligibility standards to benefits from the Jai Kisan Rin Mukti Yojana.

The scheme implemented by the Madhya Pradesh Government applies to all farmers who are permanent residents of the state.
The scheme applies to those individuals who are associated with agricultural practices.
The marginal and small farmers who do not have adequate financial assistance to meet their farming requirements can only apply for this scheme.

Those farmers who have registered to pay GST and income tax, cannot avail the benefits of the scheme.

Document Required

The following are the required documents to apply for this scheme.

Residential certificate
Copy of the Aadhaar card
Voter ID
Famers Income Certificate
Photocopy of the first page of the loan account passbook if loans are taken from a public or regional rural bank.

For loans taken from cooperative banks or agricultural committee, there is no requirement for loan account passbook. All these documents have to mention the date of credit application, issuance and the amount.

Application Procedure

The scheme is officially launched in the State. The officials in charge of the implementation have not stated about the application procedures. To provide better convenience for the farmers, the enrollment procedures will be carried out in offline mode. Once the details are confirmed, the applicants can approach the nearest agricultural department.

Application Forms

This scheme has three types of application forms namely green, pink and white colour application forms. Each application colour denotes three different categories of farmers.

Green Application Form

The green form applies to farmers who have availed loans, and their bank accounts have been successfully linked with their Aadhaar cards.

White Application Form

The white form applies to farmers who have not linked their account details with the Aadhaar card.

Pink Application Form

The pink form is for submitting complains or claim under the scheme. The eligible agricultural labours can collect the forms free of cost from the nearest agricultural department office or the gram panchayat office. The same is also available free of charge from the block development office. Know more about Mukhyamantri Kisan Aaye Badhotri Yojana