Tamil Nadu government restructures crop loan waiver scheme, extends eligibility period by a month

Image used for representational purposes only. File | Photo Credit: G.N. Rao

The Tamil Nadu government has restructured the crop loan waiver scheme, announcing a waiver of ₹75,000 for farmers who obtained loans exceeding ₹75,000 from cooperative institutions. Farmers who obtained crop loans of up to ₹75,000 will continue to receive a full waiver of the loan amount.

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Earlier, the arrangement was that farmers who had obtained loans ranging from ₹75,000 to ₹1 lakh would receive a maximum waiver of ₹75,000, while those who had borrowed more than ₹1 lakh would be given a maximum waiver of ₹35,000.