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Punjab Crop Loan Waiver Scheme 2017 – 2018 How to Apply Details

Punjab Crop Loan Waiver Scheme 2017 – 2018

Punjab Crop Loan Waiver Scheme 2017 – 2018: Recently the state government Punjab is to announce is going to launch the scheme that is Crop / Farm Loan Waiver Scheme for the small and marginal farmers of the state. And in this article we provide all the details about Punjab Crop Waiver Scheme and mentioned how to apply for this scheme. This scheme is very helpful only for the farmers. Through this scheme Punjab Govt going to waive off the crop loan of Farmers. Under this scheme (Punjab Crop Loan Waiver Scheme) state government will give a Farm Loan exemption of Rs 2 Lakh to the small and marginal farmers. This crop/loan waiver scheme is very important for all the farmers.

Punjab Crop Loan Waiver Scheme

Details about the scheme:

With this programme, Crop/Loan waiver scheme will cover the complete crop loan of farmers involving both principle and interest as on 31 March 2017 would eligible to get this scheme. So the farmers, who are eligible for the Scheme will gets advantages of this crop/loan waiver scheme 2017-2018. The commitment of taking above the outstanding interest of farmers from 1st April, 2017 before the date of notification will lead to the supplementary benefit of Rs. 400 crore to the farmers. The Punjab crop loan waiver scheme will also issue direct benefits to the farmers approx 10.25 lakh farmers all over the state. A crop loan of Rs. 59,621 crore is outstanding in about 20.22 lakh bank accounts as on March 31, 2017 as per data collected from State Level Bankers Committee under this Punjab debt waiver scheme.

Notification of Crop/ Loan Waiver Scheme 2017 – 2018:

  • Name of the scheme: Punjab Farm loan waiver scheme 2017.
  • Date of announcement: June 2017 by CM of Punjab, Captain Amarinder singh.
  • Launch date: updating soon.
  • Beneficiaries: Small (2.5 Acre to 5 Acre) and Marginal Farmers (Less than 2.5 Acre).
  • of Beneficiaries: About 10.25 lakh.
  • Amount to be Waived Off: More than 2 lakh.
  • Total Outstanding Crop Loan: Rs. 50,621 crore.

Banks Covered under this scheme: Scheduled Commercial Banks, Urban cooperative banks, Regional rural banks, Public and private sector banks.

Official website:

Punjab crop/Loan waiver scheme:
  • This scheme is very helpful for all the farmers.
  • Under this scheme (Punjab Crop Loan Waiver Scheme) state government will give a Farm Loan exemption of Rs 2 Lakh to the small and marginal farmers.
  • Across the state approx 10.25 lakh farmers will get direct advantages by the scheme of Punjab crop loan waiver.
  • The state government will provide beneficial prices for certain crops. The scheme will create more employment opportunities for the youth in the state.
  • Farmer Entrepreneur Scheme will increase the income of farmers across the state.
  • The commitment of taking above the outstanding interest of farmers from 1st April, 2017 before the date of notification will lead to the supplementary benefit of Rs. 400 crore to the farmers.
  • A crop loan of Rs. 59,621 crore is outstanding in about 20.22 lakh bank accounts as on March 31, 2017 as per data collected from State Level Bankers Committee under this Punjab debt waiver scheme2017- 2018.
How to apply Application form of Punjab Crop Loan Waiver 2017-18:

Eligible candidates can fill the application form for the Punjab waiver scheme, so many scheme launched by the Punjab government. And check on the official website about Punjab Crop Loan Waiver scheme 2017 – 2018.

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