2 days ago
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The Tamil Nadu government, headed by Chief Minister C. Joseph Vijay connected Monday (May 25, 2026) announced a waiver connected loans up to ₹50,000, availed by tiny and marginal farmers from cooperative banks since May past year.
Loans up to ₹50,000 obtained by marginal farmers volition beryllium wholly waived. For tiny farmers, 50% of the indebtedness wrong this bounds volition beryllium waived. Marginal farmers who borrowed ₹50,000-₹60,000 volition person a waiver of ₹40,000, and tiny farmers successful the aforesaid bracket ₹20,000.
As the indebtedness magnitude increases, the quantum of the magnitude waived volition decrease. Small and marginal farmers who borrowed much than ₹1 lakh volition beryllium provided a level waiver of ₹5,000. Besides, different large-scale farmers who obtained harvest loans done cooperative banks volition person a azygous waiver of ₹5,000 each.
The authorities said 14,22,555 farmers who availed harvest loans from cooperative banks betwixt May 1, 2025, and February 28, 2026, volition payment from this scheme, imposing an further expenditure of ₹2,044.46 crore connected the government.
