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Farm Loan Waiver: Punjab CM announces scheme to waive off farmers’ debt


Punjab CM Amarinder Singh today launched his government’s farm loan waiver scheme. Under the scheme, he promised the disbursement of Rs 209 crore to 38,000 marginal farmers, who are members of cooperative societies, within the next 10 days under the first phase of his government’s debt relief scheme.

He claimed that so far 2,77,633 marginal farmers were provided relief to the tune of Rs 1,525.61 crore in the first phase. The amount was transferred directly into their accounts.

Singh said in a statement, “Out of the 3.43 lakh marginal farmers, who are members of the cooperative societies, 27,179 were found ineligible as they were either serving as government or semi-government employees or did not meet the eligibility criteria. Another 19,706 farmers had refused to submit the mandatory self-declaration forms. The remaining 38,000 will be provided debt relief within the next 10 days.”

He further assured,” If any eligible farmer was left, he could contact the sub-divisional magistrate of the area to resolve the issue after due consideration by a committee.”

About the second phase, he commented, “Small farmers linked with cooperative societies would be taken up for disbursement of relief. Banks have already started uploading the data of the farmers on a specially designed portal for this purpose.”

The state agriculture and finance departments have been directed to follow up with the banks to ensure expeditious uploading of the data to make sure that the process can be completed in a transparent manner.

CM assured that afterward, the marginal farmers belonging to cooperative societies who have not yet received the full eligible amount up to Rs 2 lakh and are otherwise eligible to receive relief amount due to them for the loans secured from commercial banks would also be covered.

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