Tuesday, October 3, 2023
The Agrotech Daily
  • Login
  • News
    • Crops
    • Agro Forestry
    • Fertilizers
    • Livestock
    • Agro Machinery
    • Finance
    • Policy
  • Insights
    • Analysis
    • Opinions
    • Reports
    • Interviews
  • Technology
  • Permaculture
  • Events
  • NewsMakers
  • World
No Result
View All Result
  • News
    • Crops
    • Agro Forestry
    • Fertilizers
    • Livestock
    • Agro Machinery
    • Finance
    • Policy
  • Insights
    • Analysis
    • Opinions
    • Reports
    • Interviews
  • Technology
  • Permaculture
  • Events
  • NewsMakers
  • World
No Result
View All Result
No Result
View All Result

Jharkhand CM Soren launches farm loan waiver scheme, 9 lakh farmers to benefit

Hemant Soren's government has announced a farm loan waiver up to Rs 50, 000 that is expected to benefit 9 lakh farmers

Deepshi Chowdhury by Deepshi Chowdhury
February 3, 2021
in Finance, National, News, Policy, Politics
0
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter
  • Hemant Soren government had proposed ₹2,000 crore in 2020-21 budget for the waiver
  • Soren had promised to waive farm loans of up to ₹2 lakh last year before elections
  • Only farmers who have taken loan before March 31, 2020 and have an Aadhar card to benefit from the waiver

TAD NewsDesk, Jharkhand: On the occasion of completing one year of Chief Ministership, Jharkhand CM Hemant Soren had officially announced the farm loan waiver scheme on December 29, 2020. Initially, the government has decided to waive farm loans up to ₹50,000, expected to benefit nine lakh farmers.

State agriculture minister Badal Patralekh said, “We have formally started the process of farm loan waiver benefit to farmers from Monday. One farmer was given the benefit as token disbursement. Now, we have to ensure that the benefit reaches the last farmer in the state.”

RELATED POSTS

The role of livestock in sustainable agriculture, and how to manage a successful animal husbandry operation

Livestock Management and Monitoring

State agriculture director Nisha Oraon Singhmar said, “The department has set a target to disburse at least ₹1,000 crore by the end of March. Since the entire process is almost online, technical glitches partially delayed the launching.”

She said, “We have identified nine lakh farmers under the loan waiver scheme. However, six lakh farmers have seeded their Aadhaar with banks. The process of Aadhaar seeding of rest three lakh farmers has been started.”

Jamtara-based Molindra Besra, Jharkhand’s first farmer to receive the benefit of JMM-led government’s scheme said, “I had taken a loan for mustard and vegetable cultivation around two years back. However, the majority of the crops had got damaged due to drought. The loan had turned a very big burden on me, as I have to feed my family of six.”

“I feel lucky that the government’s loan waiver scheme came at a time when I needed it badly. Now, I have to work hard to repay the rest of the amount to the bank,” he added.

Process to avail the scheme

As per the scheme, only one loan in a family will be waived, regardless of the number of farmers in the family. 

“The ration card details will be checked with PDS (public distribution system) data. Once it is found genuine, the farmer will be called for e-KYC. In the third step, eligible farmers will be asked to deposit Re 1. Then, district will issue a fund generate order, which will come to the director for final verification. The director will submit it in a system where every detail is checked through software. When the system finds it okay, the director will ask the nodal bank officer for disbursement,” Singhmar said.

Following is the process to be avail the scheme:

  • Firstly, the bank will upload the data of eligible farmers in batches for public view
  • The beneficiaries will get an SMS asking them to submit their loan details at nearest Pragya Kendra (common service centre) or to banking correspondents
  • On verification of loan details, the farmers need to provide their mobile number and ration card details
  • Further, farmers would be charged a service fee of Re 1 to avail the amount

However, the scheme only applies to farmers who have taken loan before March 31, 2020 and can furnish their Aadhar card.

In the current financial year 2020-21, the Soren government had proposed ₹2,000 crore in the budget to fund the waiver. On December 24, 2021, the State cabinet had announced farm loan waiver. Ahead of the 2019 assembly elections, the ruling alliance had promised to waive farm loans up to Rs 2 lakh if they came to power. The coalition government had partially fulfilled the promise made just before the 2019 assembly elections.

 

Source – Hindustan Times

Tags: Farm loan waiverFarm loansHemant SorenJharkhandJharkhand farmersJharkhand government
ShareTweetPin
Deepshi Chowdhury

Deepshi Chowdhury

Deepshi is a History majors student at LSR. She harbors a penchant for expressing her opinions on socio-political issues and strives to grow as a learner, writer and an artist.

Related Posts

The-role-of-livestock-in-sustainable-agriculture-and-how-to-manage-a-successful-animal-husbandry-operation-theagrotechdaily

The role of livestock in sustainable agriculture, and how to manage a successful animal husbandry operation

by TAD News Desk
March 14, 2023
0

This article discusses the crucial role of livestock in sustainable agriculture and explores how to manage a successful animal husbandry...

Livestock-Management-and-Monitoring-agrotechdaily

Livestock Management and Monitoring

by TAD News Desk
February 27, 2023
0

In this article, we will explore the latest technological advancements in livestock management and monitoring, how they are revolutionizing the...

Livestock-management-and-digital-animal-health-agrotechdaily

Livestock management and digital animal health

by TAD News Desk
January 8, 2023
0

Livestock management is a crucial aspect of modern agriculture, as it involves the efficient and effective care of animals to...

crop-breeding-and-genetic-engineering-agrotechdaily

The future of crop breeding and genetic engineering

by TAD News Desk
January 7, 2023
0

Crop breeding and genetic engineering are two important tools that are used to improve the productivity and quality of crops....

Crops-To-Combat-Starvation-Amid-Global-Warming-agrotechdaily

3 Alternative Crops To Combat Starvation Amid Global Warming

by TAD News Desk
December 31, 2022
0

In addition to these alternative crops, farmers are also using new technologies and techniques to boost crop production and combat...

Next Post

Cases against 162 farmers dropped by UP govt

Drip irrigation system on strawberry filed in farm, close up. Strawberry bushes with green leaves growing in garden, copy space. Natural background. Agriculture, healthy food concept

Farmers in Maharashtra prefer cheap and low quality drip irrigation sets better than the subsidized high quality ones

RECOMMENDED

The-Benefits-And-Challenges-Of-Vertical-Farming-And-How-This-Technology-Is-Being-Used-To-Grow Crops-In-Urban-Environments-theagrotechdaily

The Benefits And Challenges Of Vertical Farming, And How This Technology Is Being Used To Grow Crops In Urban Environments

March 24, 2023
The-role-of-agricultural-cooperatives-and-how-they-can-help-farmers-band-together-to-improve-their-bargaining-power-and-access-to-resources-theagrotechdaily

The role of agricultural cooperatives, and how they can help farmers band together to improve their bargaining power and access to resources

March 23, 2023

MOST VIEWED

  • Agricultural Companies

    8 Largest Agricultural Companies in the World

    0 shares
    Share 0 Tweet 0
  • 10 Best Ways To Increase Soil Fertility

    0 shares
    Share 0 Tweet 0
  • 8 Best Apps In India For DigiFarming.

    0 shares
    Share 0 Tweet 0
  • Impact Of Soil Erosion On Agriculture

    0 shares
    Share 0 Tweet 0
  • 5 Emerging Innovations In The Field Of Agriculture

    0 shares
    Share 0 Tweet 0

About Us

The Agrotech Daily

We are a media company focused on the Agriculture B2B market. We create, aggregate and distribute actionable news, reports, analysis and more for the agriculture industry cohesively.

Trending News

The Benefits And Challenges Of Vertical Farming, And How This Technology Is Being Used To Grow Crops In Urban Environments

The role of agricultural cooperatives, and how they can help farmers band together to improve their bargaining power and access to resources

The impact of trade policies on agriculture, and how farmers can navigate changing regulations and tariffs

The benefits of agroforestry, and how to incorporate trees into your farming operation

The role of drones in agriculture, and how they are being used to collect data and monitor crops

Press Release

The Benefits And Challenges Of Vertical Farming, And How This Technology Is Being Used To Grow Crops In Urban Environments

The role of agricultural cooperatives, and how they can help farmers band together to improve their bargaining power and access to resources

The impact of trade policies on agriculture, and how farmers can navigate changing regulations and tariffs

The benefits of agroforestry, and how to incorporate trees into your farming operation

The role of drones in agriculture, and how they are being used to collect data and monitor crops

  • About
  • Submit Article/PR
  • Contact

© 2020 TAD - A Medianiti Venture.

No Result
View All Result
  • Homepages
    • Homepage Layout 1
    • Homepage Layout 2
  • Politics
  • World
  • Science
  • National

© 2020 TAD - A Medianiti Venture.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In