Tamil Nadu CM Vijay announces 100% crop loan waiver up to ₹75,000, more relief for higher loans. Check details
Vijay said that despite the state's financial constraints, his government has decided to extend additional support of ₹953.06 crore to farmers.
Tamil Nadu Chief Minister C Joseph Vijay announced a 100% waiver of cooperative farm loans up to ₹75,000 during Monday's Tamil Nadu Assembly session. For loans between ₹75,000 and ₹1 lakh, a waiver of ₹75,000 will be provided. Loans exceeding ₹1 lakh will receive a ₹35,000 waiver. This measure will benefit 2,38,264 farmers who have obtained crop loans between ₹75,000 and ₹1 lakh, with each farmer receiving a waiver up to ₹75,000.
Additionally, farmers with loans up to ₹1 lakh will get an extra waiver of up to ₹40,000 on top of their existing relief. Despite financial constraints, Vijay emphasized that agriculture is the backbone of Tamil Nadu and that supporting farmers is crucial for the state's prosperity. The government has allocated ₹953.06 crore to provide this additional support to farmers.
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