JAIPUR: Rajasthan chief minister Vasundhara Raje announced one-time crop loan waiver of up to Rs 50,000 for small and marginal farmers and land revenue exemption.
The loan waiver is for the marginal farmers in the overdue and outstanding category of short loan provided by cooperative banks. This will cost Rs 8,000 crore to the state exchequer.
Raje also announced constitution of a farmers debt relief commission that will work as a permanent institution. Farmers would be able to get relief on merit basis after presenting their case before the commission.
She also announced land revenue (lagan) exemption that would benefit almost 40-50 lakh farmers.
To promote agro-based industries and services, Raje announced to increase maximum limit of interest subsidy in a year from Rs 5 lakh to Rs 7.5 lakh.
Interest subsidy for women, disabled, SC/ST and entrepreneurs who are bonafide residents of Rajasthan and are up to 40 years of age, was enhanced to 6 per cent from 5 per cent.