T.N. government announces cooperative crop loan waiver up to ₹50,000
The Tamil Nadu government has announced a waiver for cooperative crop loans up to ₹50,000 for small and marginal farmers. Marginal farmers will receive complete waivers, while small farmers will have 50% of their loans waived. The initiative is expected to benefit over 14 lakh farmers and will cost the government ₹2,044.46 crore.
- ▪The waiver applies to loans availed by small and marginal farmers from cooperative banks since May last year.
- ▪Marginal farmers will receive a complete waiver on loans up to ₹50,000, while small farmers will have 50% waived.
- ▪Farmers with loans exceeding ₹1 lakh will receive a flat waiver of ₹5,000 each.
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The Tamil Nadu government, headed by Chief Minister C. Joseph Vijay on Monday (May 25, 2026) announced a waiver on loans up to ₹50,000, availed by small and marginal farmers from cooperative banks since May last year.Loans up to ₹50,000 obtained by marginal farmers will be completely waived. For small farmers, 50% of the loan within this limit will be waived. Marginal farmers who borrowed ₹50,000-₹60,000 will receive a waiver of ₹40,000, and small farmers in the same bracket ₹20,000.As the loan amount increases, the quantum of the amount waived will decrease. Small and marginal farmers who borrowed more than ₹1 lakh will be provided a flat waiver of ₹5,000.
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