Madhya Pradesh government will soon announce MP Jai Kisan Rin Mukti Yojana Phase 2 to waive farm loans of farmers. Under the second phase of this MP Kisan loan waiver scheme, about 12 lakh farmers will be covered. In the first phase of the farmer tax waiver scheme, the government had waived the loan of 21 lakh farmers who had Rs. There were loans up to Rs. 50,000 in his current loan accounts.
State government. The second phase is starting because farmers are not getting the benefit of crop insurance scheme (Pradhan Mantri Fasala Bima Yojana) after the recent floods. In addition, the previous government. The unpaid premium of Rs. 2,301 crore Rs.
In MP Agricultural Debt Waiver Scheme Phase 2, the government will waive loans up to Rs. 2 lakhs taken from nationalized and cooperative banks.
MP Jai Kisan Rin Mukti Yojana (Karz Mafi) Phase 2
MP Government Jai Kisan Rin Mukti Yojana is going to start phase 2 to waive farm loans of farmers. Under this agricultural loan waiver scheme, Govt. Rupee. Will forgive agricultural loans up to Rs. Two lakhs taken from nationalized and cooperative banks. This farmer loan waiver scheme will cover 12 lakh farmers as compared to 21 lakh farmers in phase 1.
In FY 2019-20, MP Govt. Had paid a premium of Rs. 509 crore, but the farmers did not get the benefit of this scheme as the central state government wants. To pay Rs. 2,301 crore Rs. Former Shivraj Singh Chauhan led the government. The insurance companies did not pay Rs. 165 crores for the 2017-18 rabi crop of Rs. 1,772 crores for Kharif in 2018. 424 crores for Rabi in 2018-19. Central government. Not even issued Rs. 1,000 crores under Bhavantar Yojana.
The bank’s doors have been opened to 10 lakh farmers in MP government’s Jai Kisan Rin Maafi Yojana Phase 1. These farmers would not have been eligible for a bank loan if the government had not done it again. The farm loan waiver scheme was not implemented. Along with the Kisan loan waiver scheme, MP Govt. Under Indira Gandhi Kisan Jyoti Yojana, the electricity bills of the farmer community were reduced by 50%.
MP Government Is also giving 50% grant on purchase of agricultural equipment and CM has given Rs. 160 quintals per quintal of wheat. MP Government It is also taking initiatives for farmers to promote organic farming. To promote organic farming, the government has decided to build 1,000 gaushalas in the first year. By the 5th year, every panchayat in MP will have a cow shelter.
The second phase of loan waiver exercise will be started now, but the money will be given to the banks after the monsoon session. That is, the amount will be transferred after the budget is presented and approved. But this cycle will last all year.