After the 30 days protest in the month of April 2017 by the farmers of Tamil Nadu in New Delhi, demanding for 40000 crores aid from the state, the High Court gave the decision of waiving off the loan of small and marginal farmers who have their land holding less than 5 acres. But now Supreme Court has ordered the government to waive off the loans of all the farmers, irrespective of their land holdings. This has increased the burden on the state as it was 5780 crores initially but now it has increased to 7769 crores. There is an addition of 3 lakh farmers.
Court had also stated that banks do not have the proper information about the landholdings of the farmers as at the time of availing loans, farmers might have shown details of the land for which they were seeking a loan. Thus the Supreme Court stayed the Madras High Court orders. Hopefully, this will give an interim relief to the farmers.