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Home Personal Finance Good News for Farmers: Loan of 12 Thousand Crores Waived

Good News for Farmers: Loan of 12 Thousand Crores Waived

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Farmer loan waiver: 16 lakh farmers of Tamil Nadu benefit

There is a good news for the farmers of Tamil Nadu. Now the loans of the farmers of the state will be forgiven. This will benefit 16.13 lakh farmers. Based on the reports published in the media, the Tamil Nadu government has made this important announcement, taking a relief step for the farmers of the state. Under this, the crop loan taken from the cooperative bank of the state has been waived. Tamil Nadu Chief Minister Edappadi K Palaniswamy announced that the crop loans taken from cooperative banks would be forgiven. About 16.13 lakh farmers will benefit from this. The Chief Minister made this announcement under Rule 110 in the state assembly.





 12,110 crores cropped loans will be forgiven

Referring to the news published in the media, the Chief Minister said that the crop loan of Rs 12,110 crore taken by the farmers from the cooperative banks of the state will be forgiven. He said that due to the prevention of cyclonic storms, bad and heavy rains in the state, the situation of the farmers is in bad shape, which is being decided. State Chief Minister Edapaddi Palaniswamy said that the loans of farmers taken from the cooperative banks of the state would be forgiven. The Chief Minister had also said earlier that an amount of Rs 1,117 crore will be given as compensation for the damaged crops, which is expected to benefit about 11 lakh farmers.

Also Read: Top 10 Government Schemes for Farmers

Farmers suffer losses due to rain

According to the information received from the media, due to heavy rains in Tamil Nadu in January, the crop was severely damaged. Between January 1 and February 5, the state received several times more rainfall than normal. Most of the paddy crop has been damaged. A central team has also been sent to the state to check the damage. According to the press release issued by the Pudukottai district administration, crops of paddy, corn, groundnut, etc. have suffered a lot due to the rains, while in Thanjavur district, besides paddy and groundnut, pulses have also been damaged. Similarly, crops of paddy, pulses, cotton etc. have been damaged due to rain in Virudhunnagar district.

In Rajasthan, farmers of 8 districts will get compensation for crop problems

Chief Minister Ashok Gehlot has given great relief to the farmers. Under this, farmers of 8 districts including Churu will be compensated where the crop is damaged. CM, while reviewing the Crop Insurance Scheme in the meeting of Disha Committee, directed that the eight districts whose claim payment for Rabi 2019-20 is outstanding should be paid soon. Following his instructions, orders have been issued in this regard.

Compensation of Prime Minister Crop Insurance Scheme to farmers of eight districts

Now farmers of eight districts including Churu will get compensation under the Prime Minister Crop Insurance Scheme soon. The state government has deposited 70 crore rupees of the state premium for the districts of Ajmer, Bharatpur, Bundi, Jhalawar, Kota, Pali and Sawaimadhopur to the insurance companies, so that the farmers of these districts will be able to pay the insurance claim quickly. In Churu district, farmers will get claim of 1 lakh 30 thousand insurance policies. Whereas the eligible farmers will be paid a claim of around Rs 550 crore.

Explain that the insurance company disagreed with the assessment of the crop problem in Churu district by the officials of the Department of Agriculture and Revenue during the Corona lockdown. The insurance company had also appealed against this to the Government of India, due to which the farmers were unable to pay the claim. The state government strongly advocated the matter and presented its case before the Government of India. Now the Government of India has rejected the insurance company’s appeal on 3 February based on the evidence presented by the state government.

 

 

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