Farm Loan

So far, only eight banks have joined the NCGTC for credit guarantee coverage, while 26 banks have signed up for the e-KUN portal which is part of the Jansamarth portal

Maharashtra Agriculture Minister Manikrao Kokate has said the Ladki Bahin Yojana is creating a burden on the state coffers, affecting its ability to implement the farm loan waiver scheme. The Ladki Bahin scheme, launched by the previous Eknath Shinde-led government in August last year to provide a monthly allowance of Rs 1,500 to eligible women, is likely to cost the state around Rs 46,000 crore annually. The scheme is said to have played a key role in the ruling Mahayuti's win in the state assembly elections held in November 2024. Speaking to reporters in Pune on Sunday, Kokate said the financial strain caused by the Ladki Bahin Yojana has disrupted the state's ability to form a surplus that would otherwise be allocated for waiving the loans of farmers. "The burden created by the Ladki Bahin scheme has affected our ability to set aside funds for the farm loan waiver. We are reviewing the financial situation, and once the state's income increases, we will move forward with the loan

Telangana government is all set to launch a farm loan waiver programme, part of its poll promise benefitting 70 lakh farmers, on Thursday, official sources said. Chief Minister A Revanth Reddy had earlier announced that the government would implement the loan waiver up to Rs 2 lakh by August 15. The loan waiver funds up to Rs one lakh will be deposited in the farmers' accounts at 4 pm on Thursday. The chief minister said Rs 7,000 crore in total would be credited to the accounts of farmers whose loans of up to Rs one lakh are being waived. Crop loans of up to Rs 1.5 lakh would be waived by the end of July, and the loan waiver process would be completed in August when loans of up to Rs two lakh are dispensed with. Reddy also suggested organising a gathering of farm loan waiver scheme beneficiaries at "Rythu Vedikas" and Ministers, MLAs and other public representatives of the respective districts should also attend and share the joy with the farmers. Ahead of the launching of the ...

The state had set a target of disbursing farm loans worth Rs 6,100 crore to the farmers in the current kharif marketing season

Guha directed the officials that the Rajasthan Farmers Loan Relief Act should be prepared within a month

Madhya Pradesh Congress unit has announced that it would reintroduce the farm loan waiver scheme, which was part of its manifesto in the 2018 Assembly polls, if voted to power in the 2023 elections

The FM asserted that the government is committed towards farmers' welfare

So far, a sum of Rs 9,035 crore has been transferred to the accounts of farmers, Pawar told the Assembly.

There is also a proposal to completely waive premium for taking insurance policy for food crops. The premium on horticultural crops could also be reduced

Rajan, who was RBI governor for three years till September 2016, is currently teaching at the Chicago Booth School of Business

Huge pile-up of non-performing assets in banks is an acute problem

Such bailouts do not have any measurable impact on improving consumption