Jharkhand’s Farm Loan Waiver Scheme

The Jharkhand Cabinet approved Rs.2,000 crore loan waiver scheme of up to Rs.50,000 for 9.07 lakh farmers. While a total of 7.83 lakh farmers’ full farm loans will be waived and the rest will be given the relief of Rs.50,000. Three banks – State Bank of India, Bank of India and Jharkhand Gramin Bank – which have 77 per cent of the total loans, will prepare for the first phase of implementation, which will be done manually.