Agricultural loans for small farmers waived by Tamil Nadu Government
Posted on: 05/Jul/2016 10:25:22 AM
Pradeep Yadav, Secretary, Cooperation and Food departments issued a government order waving agricultural loans for small farmers who are landholding ranging from 2.5 acre to 5 acre. The government order mentions the following:
As per the Tamil Nadu Cooperative Society’s Act, farmers who are involved in investigations, scandals and criminal activities are not eligible for farm loan waiver scheme
Farmers who have got loans by false, fabricated documents are not eligible for farm loan waiver scheme.
The scheme would be applicable to entire outstanding principal, interest, penal interest and all other charges relating to crop loans as on March 31 this year. For the agricultural loans, if subsidy was received under any government scheme, it would be deducted and the remaining amount only would be waived.
Short-term crop loans, short-term agricultural crop loans issued with the pledge of jewels will also be waived. The loans obtained without any harvest will not be waived.
A No Due certificate should be issued to each farmer.
The cooperative societies should not take any action for collection of agricultural loans eligible for waiver under the scheme.
The farmers, whose loans are waived, are eligible for fresh agricultural loans..
The waiver scheme would be applicable to farm sector loans given by central cooperative banks, Primary Agricultural Cooperative Credit Societies, Primary Cooperative Agriculture and Rural Development Banks and Urban Cooperative Credit Societies converted from , Primary Agricultural Cooperative Credit Societies.
The government order gives effect to the orders passed by Chief Minister J Jayalalithaa on the first day in office on May 23.
