Rajasthan Farmers Debt Waiver Scheme 2019

The Rajasthan State Government has introduced a new scheme for the

welfare of farmers. The Rajasthan government is also implementing a minimum support price scheme for multiple agricultural items and offering interest-free loans of up to 500 crore rupees. Exemption from mandi charges is also being implemented, which is a fee normally paid on purchase by farmers to wholesalers and distributors.

Objectives

To support small and marginal farmers who are in the most vulnerable sections of our society
To waive off overdue loans for small farmers
Allocation of Rs.8000 crores to implement the scheme
Allocation of Rs.384 crores as subsidy
To offer interest-free loans of up to Rs.500 crores.

Eligibility

To be eligible for the debt waiver scheme, an application needs to be filed if a

farmer meets the following requirements:

Loan amount should be less than Rs.2 lakh rupees
Owns less than two hectares of land
Aadhaar card linked to Bhamashah card

For those who are not eligible as per the above terms can also apply for a loan waiver provided, they meet the requirements for the loan waiver when they were under the previous government. All short-term crop loans will be waived off as long as the loans were granted by cooperative banks to small and marginal farmers.

Loan Waiver Certificate

Over 29 lakh small scale farmers will be eligible for the loan waiver certificate. The

distributed certificates will offer a total of Rs.8000 crores as waivers with a maximum waiver of Rs.2 lakh per farmer. The loan certificate will also make new loan recipients eligible for an insurance cover of up to Rs.10 lakhs under the Raj Sahakar Personal Accident Insurance Scheme. If the outstanding loan amount of a loan exceeds Rs.2 lakhs, farmers will have to repay the balance amount (after deduction of Rs.2 lakhs) before receiving further loans with insurance coverage.

Application Process

To apply for a loan waiver certificate (or to collect more information), eligible farmers can head to the nearest branch of Village Service Cooperative Society or District Central Cooperative Bank. Alternatively, farmers can head to

/register to register with their Aadhaar Card and Bhamashah Card details. After successful registration, the application process can be monitored at by simply entering the Aadhaar Number of Bhamashah Number.

Upon successful registration, farmers can collect their certificates from the nearest Village Service Cooperative Society or District Central Cooperative Bank.
Head to the official website
Click on Login
Click on Registration
Once you put in your name with Aadhaar and Bhamashah Card details, you will be taken to the next page.
In the new page, enter your Bank Details including Bank Name, Branch Name, PACS Name.
Registration is now complete.

Application status and the list of eligible farmers can be checked from the portal. An online list will also be listed on the website, but the date of the announcement for new applicants has not been revealed yet.

Back to Learn

Frequently Asked Questions

Common questions about Rajasthan Farmers Debt Waiver Scheme 2019.

The Rajasthan Farmers Debt Waiver Scheme is a government initiative aimed at supporting small and marginal farmers by waiving off their overdue loans. It has allocated Rs. 8,000 crores to implement this scheme and provide a loan waiver of up to Rs. 2 lakh per eligible farmer.

To be eligible for the debt waiver scheme, farmers must meet the following criteria: their loan amount should be less than Rs. 2 lakh, they should own less than 2 hectares of land, and their Aadhaar card must be linked to their Bhamashah card. Additionally, short-term crop loans granted by cooperative banks to small and marginal farmers will be waived off.

Eligible farmers can apply for the loan waiver certificate by visiting the nearest branch of the Village Service Cooperative Society or District Central Cooperative Bank. Alternatively, they can register online by providing their Aadhaar Card and Bhamashah Card details on the official website.

Apart from the loan waiver, the scheme also provides an insurance cover of up to Rs. 10 lakhs under the Raj Sahakar Personal Accident Insurance Scheme for new loan recipients. It also offers interest-free loans of up to Rs. 500 crores and exemption from mandi charges (fees paid to wholesalers and distributors).

According to the scheme, over 29 lakh small-scale farmers are expected to be eligible for the loan waiver certificate, benefiting from a total waiver of Rs. 8,000 crores.

If a farmer's outstanding loan amount exceeds Rs. 2 lakh, they will have to repay the balance amount (after deduction of Rs. 2 lakh) before receiving further loans with insurance coverage under the scheme.

Farmers can monitor the status of their application by visiting the official website and entering their Aadhaar Number or Bhamashah Number on the Search page.

Farmers can visit the nearest branch of the Village Service Cooperative Society or District Central Cooperative Bank for more information. Additionally, an official step-by-step registration guide in Hindi is available on the official website.

Apart from the debt waiver scheme, the Rajasthan government has also implemented a minimum support price scheme for multiple agricultural items and is offering interest-free loans of up to Rs. 500 crores.

The primary objectives of the Rajasthan Farmers Debt Waiver Scheme are to support small and marginal farmers, who are among the most vulnerable sections of society, and to provide relief by waiving off their overdue loans.