Rajasthan Krishak Rin Mafi Yojana, 2019 was announced through State Government Order No. P.17(15)/Co/2018/ dated 19.12.2018. In the same sequence, Rajasthan Krishak Rin Mafi Yojana 2019 was issued by the Co-operative Department through letter No. P.17(15)/Co/2018/Part Jaipur, dated 06.02.2019.
According to the scheme, there is a provision to waive the principal amount of all crop loans outstanding as on 30 November 2018 in overdue loan cases and to waive all principal, interest and penalty outstanding as on 30 November 2018 in overdue loan cases.
Till 13.09.2019, data of 53,673 farmers has been uploaded on the portal. Out of these, 50,352 members have got their Aadhaar authenticated and loan waiver certificates of 46177 members have been issued on the portal. The loan waiver amount of total 53,673 members uploaded on the portal is Rs. 348.81 crores.
Objectives
- To support small and marginal farmers who are in the most vulnerable sections of our society
- To waive off overdue loans for small farmers
- Allocation of Rs.8000 crores to implement the scheme
- Allocation of Rs.384 crores as subsidy
- To offer interest-free loans of up to Rs.500 crores.
Eligibility
To be eligible for the debt waiver scheme, an application needs to be filed if a farmer meets the following requirements:
- Loan amount should be less than Rs.2 lakh rupees
- Owns less than two hectares of land
- Aadhaar card linked to Bhamashah card
For those who are not eligible as per the above terms can also apply for a loan waiver provided, they meet the requirements for the loan waiver when they were under the previous government. All short-term crop loans will be waived off as long as the loans were granted by cooperative banks to small and marginal farmers.
Loan Waiver Certificate
Over 29 lakh small scale farmers will be eligible for the loan waiver certificate. The distributed certificates will offer a total of Rs.8000 crores as waivers with a maximum waiver of Rs.2 lakh per farmer. The loan certificate will also make new loan recipients eligible for an insurance cover of up to Rs.10 lakhs under the Raj Sahakar Personal Accident Insurance Scheme.
If the outstanding loan amount of a loan exceeds Rs.2 lakhs, farmers will have to repay the balance amount (after deduction of Rs.2 lakhs) before receiving further loans with insurance coverage.
Application Process
To apply for a loan waiver certificate (or to collect more information), eligible farmers can head to the nearest branch of Village Service Cooperative Society or District Central Cooperative Bank. Alternatively, farmers can head to https://sso.rajasthan.gov.in/register to register with their Aadhaar Card and Bhamashah Card details.
After successful registration, the application process can be monitored at http://lwa.rajasthan.gov.in/Search.aspx by simply entering the Aadhaar Number of Bhamashah Number.
- Upon successful registration, farmers can collect their certificates from the nearest Village Service Cooperative Society or District Central Cooperative Bank.
- Head to the official website
- Click on Login
- Click on Registration
- Once you put in your name with Aadhaar and Bhamashah Card details, you will be taken to the next page.
- In the new page, enter your Bank Details including Bank Name, Branch Name, PACS Name.
- Registration is now complete.
Application status and the list of eligible farmers can be checked from the portal.
An online list will also be listed on the website, but the date of the announcement for new applicants has not been revealed yet.
FAQs
What is the Rajasthan Kisan Loan Waiver Scheme 2019?
The Rajasthan Kisan Loan Waiver Scheme 2019 is a government initiative aimed at providing financial relief to farmers by waiving off their outstanding agricultural loans. This scheme was introduced to alleviate the debt burden on farmers and support their financial stability.
What types of loans are covered under this scheme?
The scheme covers both short-term crop loans and medium-term (conversion) loans taken by farmers for agricultural purposes. Loans taken from cooperative banks, regional rural banks, and nationalized banks are included in the waiver.