Jharkhand govt to waive farm loans up to ₹2 lakh

The Jharkhand government on Friday decided to waive farm loans up to ₹2 lakh to grant relief to over 1.91 lakh farmers in the state.

Jharkhand Agriculture Minister Badal Patralekh asked the banks to present a proposal for the loan waiver, in a meeting with the officials of the State Level Bankers Committee (SLBC).

"Loans ranging from ₹50,000 to ₹2 lakh taken



by farmers till March 31, 2020, will be waived through one-time settlement," the minister said. He also added that, in 2021-22, the state government announced crop loan waiver of up to ₹50,000.

“As per its promise, the state government had waived loans up to ₹50,000 of more than 4.73 lakh farmers... The Jharkhand government has given an amount of over ₹1,900 crore to banks,”