1 week ago
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Tamil Nadu Chief Minister C. Joseph Vijay, connected Tuesday (June 16, 2026), announced a revised strategy for waiver of harvest loans up to ₹75,000 availed by farmers, irrespective of the size of their landholdings, from cooperative banks betwixt May 1, 2025, and February 28, 2026.
According to the announcement, farmers crossed each categories, including marginal, tiny and ample farmers, who availed harvest loans of up to ₹75,000 from cooperative banks volition person a afloat waiver. Those who availed harvest loans exceeding ₹75,000 volition person a waiver of ₹35,000. The revised strategy volition payment 14.43 lakh farmers and entail an expenditure of ₹5,932.23 crore to the government, said an authoritative release.
On May 25, the State authorities had announced a waiver of harvest loans up to ₹50,000 availed by tiny and marginal farmers from cooperative banks. This announcement received a mixed effect from sections of the farming community, who demanded that the strategy beryllium restructured.
Following this, Mr. Vijay chaired a reappraisal gathering connected June 15 with Ministers and officials to restructure the indebtedness waiver scheme. Under the revised announcement, a full of 8,33,773 marginal farmers, 5,16,183 tiny farmers and 93,548 ample farmers volition person waivers amounting to ₹3,599.67 crore, ₹1,995.42 crore and ₹337.15 crore, respectively, the authoritative merchandise added.
