Jharkhand Farm Loan Waiver Scheme and Jharkhand Fasal Rahat Yojana is going to start from 1 January 2021. In the Jharkhand Farm Loan Waiver Scheme, the state government will waive farmers loans up to Rs 50,000 per farmer. Under this scheme, those farmers who have taken loans and are unable to repay it, will get benefits. The State Government will forgive the debt of such farmers.
For this, the state government will release a beneficiary list, the farmers whose name will be waived off in this list. Jharkhand CM Hemant Soren has allocated a provisional amount of Rs 2,000 crore for the Jharkhand Farm Loan Waiver Scheme. The state government is ready to replace the PM Kisan Bima Yojana with the state’s own Fasal Relief Scheme and has earmarked Rs 100 crore for the scheme.
Jharkhand Farm Loan Waiver Scheme 2021
The Jharkhand Budget 2020-21 was presented in the state assembly at an estimated cost of Rs 86,370 crore. In this budget, revenue and expenditure were estimated at about Rs 73,316 crore and capital expenditure was estimated at around Rs 13,054 crore. About 75% of the total population of the state of Jharkhand depends on agriculture and allied activities. The Jharkhand State Government works determinedly for the development of the people associated with the agricultural sector and thus this time they will start the Jharkhand Farm Loan Waiver Scheme.
For those farmers who spend most of their income to repay agricultural loans, the Jharkhand government has decided to introduce a short-term agricultural loan waiver scheme. In the first phase of the Jharkhand Kisan Tax Waiver Scheme, agricultural loans up to Rs 50,000 will be waived. The state government has raised an amount of Rs 2,000 crore for the Jharkhand Farm Loan Waiver Scheme for farmers in the state.
Highlights of the Fasal Rahat Yojana
|Scheme Name||Jharkhand Farm Loan Waiver Scheme 2021|
|Launched By||Govt of Jharkhand|
|Beneficiaries||Farmer of State|
|Category||Jharkhand Govt. Schemes|
Objective of Farm Loan Waiver Jharkhand
As we know that due to unseasonal rains, hailstorms and floods in our country, the crops of many farmers get spoiled, due to which the farmers suffer a lot. Farmers who have taken loan from the bank to do farming and when they are not able to repay the loan, they commit suicide. Many farmers give up agriculture for this reason.
In the state of Jharkhand, many farmers take wrong decisions like suicide, in view of these problems, the state government has started this farmer loan waiver scheme. Earlier, similar schemes have been started by the Central Government and the State Government. So that all the farmers keep doing agriculture always and do not even commit suicide due to debt. The loans of all the beneficiaries will be borne by the state government to the banks.
Aadhaar Enabling of Crop Loan
Under the Minister of Agriculture, a state-level committee has been formed, which presents crop lender data. Various banks have been asked to complete the Aadhaar and enable crop loans to avail the benefits of the Jharkhand Farm Loan Waiver Scheme. So far out of 12 lakh loan accounts, only 6 lakh Aadhaar cards have been enabled. A web portal is developing by the department for this purpose. Karjamafi was one of the contingencies of both the Congress and the JMM before the Assembly elections.
Jharkhand Fasal Rahat Yojana
The state government of Jharkhand is planning to replace the Pradhan Mantri Kisan Crop Insurance Scheme with the Jharkhand Crop Relief Scheme. The Jharkhand government has earmarked a budget of Rs 100 crore to run the scheme in the state. According to information received during review meetings of various departments organized by Chief Minister Hemant Soren, both Jharkhand Farm Loan Waiver Scheme and Crop Relief Scheme will be implemented by the end of this month.
The biggest challenge in implementing the loan waiver is that farmers owe Rs 7,000 crore to the banks. This was agreed by the government during the Assembly Question and Answer session in March, in response to a question on farmers’ loans. Therefore, we can say that the biggest challenge in the scheme will be to choose the criteria for loan waiver.
Replacement of PM Fasal Bima Yojana
The replacement of the Prime Minister’s Fasal Bima Yojana is just awaiting the Cabinet approval. It emerged during the review process, that the farmers are paid Rs 6,000 annually in three instalments under the central scheme. For 32 lakh registered farmers around Rs 1,557 crore has been released. Further, it was revealed that 13.47 lakh Kisan Credit Cards have been issued. The Deputy Commissioners have been asked to include all PM Kisan Samman Nidhi beneficiaries under the Credit Card Scheme.
On 7 December 2020, a review meeting will be done for the Scheduled Tribes, Scheduled Castes, Minorities and Backward Classes Welfare Department. The government will select a few students every year in an upcoming scheme for higher education in the United Kingdom and provide them the financial aid. The institute will be paid directly from the budget of Rs 10 crore that has been kept for this purpose.
- For Jharkhand Farm Loan Waiver Scheme, the applicant should be a native of Jharkhand.
- The age of the candidate should be more than 18 years.
- If the farmer is a government employee or he takes a government pension then he will not get the benefit of the scheme.
- Those who are small and marginal farmers of Jharkhand will be considered eligible for application under the scheme and only those farmers who have taken loan can apply.
- Residence certificate
- Aadhar card
- Bank account number
- Passport size photo
- Identity card
- Mobile number
Application of Jharkhand Farm Loan Waiver Scheme
All the interested beneficiary farmers of Jharkhand state who want to apply for this scheme, all of them will have to wait a little longer, because the government has just announced this scheme, so far no official information has come. The government has not yet made any announcement to invite the application. When the government release any notification we will update it on our Website.