Kisan Karz Mafi Yojana

The farming community plays a crucial role in food generation, but their efforts and contributions remain undermined in a country which is one of the largest producers of agriculture in the world. India accounts for over 12,000 farmer suicides in a year; which when computed would count up to approximately 10% of all suicides in the country. As a measure to curb this menace and to provide solace to the farmers, the Uttar Pradesh Government came up with an initiative known as Kisan Karz Mafi Yojana. The scheme, as the name suggests, seeks to forgive, or in other words, reprieve the farmers of their loans classified under NPA (Non Performing Assets). This article looks at the scheme in detail.

The Framework

The scheme seeks to waive the outstanding loans of farmers to the extent of Rs.1,00,000. The State Government would contribute 75% of the loan amount for each farmer, and the remaining 25% would be waived by the bank. These farmers would be considered eligible to obtain another loan.

Eligibility

The scheme is applicable to farmers who have availed loans from co-operative banks. The eligible farmers are identified with the help of a task force.

Procedure to Claim Waiver

To avail the benefits of this scheme, the eligible farmer is required to deposit twenty five per cent of the loan exemption to the respective bank account. In addition to this, the farmer needs to make an online application by logging into the official website of “Kisan Karz Mafi Yohana”, wherein the application could be made by entering the requisite details.

Checking Status

After submitting the application, the farmer is vested with the option of verifying the status of the same. Here's the procedure through which it can be done: Step 1:- The application status could be checked by entering the official website -

/ Step 2:- Login using your user ID and password. Step 3:- Select the option “Debt forgiveness status”, which would effectively direct you to the page wherein the status of application could be traced.

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Frequently Asked Questions

Common questions about Kisan Karz Mafi Yojana Loan Waiver Uttar Pradesh.

The Kisan Karz Mafi Yojana is a scheme introduced by the Uttar Pradesh Government to provide relief to farmers by waiving their outstanding loans classified as Non-Performing Assets (NPAs). Under this scheme, the state government will contribute 75% of the loan amount for each eligible farmer, while the remaining 25% will be waived by the bank.

The scheme is applicable to farmers who have availed loans from cooperative banks. The eligible farmers are identified with the help of a task force set up by the government.

To avail the benefits of the Kisan Karz Mafi Yojana, an eligible farmer is required to deposit 25% of the loan exemption amount to the respective bank account. Additionally, the farmer needs to make an online application by logging into the official website of the scheme and entering the requisite details.

After submitting the application, a farmer can verify the status by following these steps: 1) Visit the official website of the Kisan Karz Mafi Yojana, 2) Log in using their user ID and password, 3) Select the option "Debt forgiveness status" to view the application status.

The Kisan Karz Mafi Yojana seeks to waive the outstanding loans of farmers up to a maximum of Rs. 1,00,000 (one lakh Indian rupees).

Yes, the article mentions that the farmers whose loans are waived under this scheme will be considered eligible to obtain another loan.

The scheme aims to provide solace and relief to the farming community, which plays a crucial role in food production but often faces significant challenges. It seeks to address the issue of farmer suicides, which account for approximately 10% of all suicides in India.

No, the scheme is specifically applicable to loans availed from cooperative banks by farmers.

Under the Kisan Karz Mafi Yojana, the state government will contribute 75% of the loan amount for each eligible farmer, while the remaining 25% will be waived by the bank.

The article mentions that the eligible farmers are identified with the help of a task force set up by the government. Farmers should ensure that they have availed loans from cooperative banks and meet the eligibility criteria specified by the task force.