The Rajasthan State Government has introduced a new scheme for the welfare of farmers. The Rajasthan government is also implementing a minimum support price scheme for multiple agricultural items and offering interest-free loans of up to 500 crore rupees. Exemption from mandi charges is also being implemented, which is a fee normally paid on purchase by farmers to wholesalers and distributors.
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.
Eligibility
- Loan amount should be less than Rs.2 lakh rupees
- Owns less than two hectares of land
- Aadhaar card linked to Bhamashah card
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.
- 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.
FAQs
What is a short term crop loan?
A short term crop loan is a type of agricultural loan provided to farmers to meet their immediate financial needs related to crop production. This includes purchasing seeds, fertilizers, pesticides, and covering other cultivation expenses. These loans are usually repayable within one year, coinciding with the crop cycle.
Who is eligible for a short term crop loan?
- The applicant must be a farmer, either an individual or part of a group of farmers.
- The applicant must own or lease agricultural land.
- The applicant should have a good credit history.
- Some banks may require proof of identity, proof of residence, and land ownership or lease documents.