Last updated: July 18th, 2018 4:02 AM

Rajasthan Farm Loan Waiver Scheme

The Rajasthan Farm Loan Waiver Scheme has been launched to waive off crop loans for the farmers in the state. The main objective of the scheme is to give benefits to the farmers in buying crops, harvesting and other farm-related activities and also reduces the crop loans. This scheme will be led and supervised by the state authority of agriculture.

Benefits of Rajasthan Farmers Loan Waiver Scheme

• Under this scheme, the Government waives off the loan amount as mentioned Rs. 50,000/- per farmer.
• Loans taken by the farmers until 30th September 2017 are included in this scheme.
•  Apart from loan waive, four of the crops such as groundnut, urad, soybeans and moong will get Rs. 200/- cost-benefit on them.
• The state authority has also agreed to increase the Minimum Support Price for the crops.
• The state government will prepare the merit list of all the farmers.
•  The CPM-led farmers’ group has claimed to give away Rs. 2000/- as Kisan pension for the senior citizens of the state who are aged more than 60 years will be getting the pension amount.

Eligibility Criteria

• The farmers applying for this scheme must belong to the small and marginal category.
• The farmer must be a permanent resident of Rajasthan.
• Farmers who have taken debt before 30 Sep 2017 would be eligible in the loan waiver scheme.
• The farmer should have taken a loan from the registered bank or any government institution.

Required Documents

• Identity Proof
• Income Certificate
• Application form
• Resident Proof
• Aadhar Card
• Passport size Photograph
• Bank Passbook copy

Application Procedure

As the scheme has been launched recently by the state government has yet to be revealed about the application process. If the applications are rolled out, then the farmers can visit the nearest Rajasthan State Farmers Debt Relief Commission office. The application form can be obtained from the same office or it can be downloaded from online. The applicant has to fill the application form carefully with all the necessary details along with the required documents.