Loan Waiver Scheme

Rajasthan Chief Minister Ashok Gehlot on Monday said the state government will give relief to poor farmers by bringing a one-time scheme to waive crop loans taken from nationalised banks.

Punjab Chief Minister Charanjit Singh Channi announced release of funds worth Rs 1,200 crore to clear loans up to Rs 2 lakh under the existing debt waiver scheme along with cancellation of all FIRs against farmers in the state

Punjab Chief Minister Amarinder Singh on Friday rolled out a Rs 520 crore debt relief scheme for 2.85 lakh farm labourers and landless farmers on the occasion of the 77th birth anniversary of former Prime Minister Rajiv Gandhi.

Assam chief minister Himanta Biswa Sarma had promised loan waiver to poor women in order to provide relief amid the COVID-19 pandemic.

At least two of the five poll-bound states today rushed to announce populist schemes hours ahead of the election dates being announced. Tamil Nadu and West Bengal introduced various policy changes seemingly aimed at electoral prospects. The model code of conduct, which comes into effect immediately after the Election Commission declares the poll da...

Marking the rollout of the Rs 12,110 crore crop loan waiver scheme for over 16 lakh ryots in Tamil Nadu, Chief Minister K Palaniswami on Saturday gave away certificates to nine farmers in Chennai.

Housing loans, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme.

The Central Government has filed its detailed affidavit before the Supreme Court in connection with the loan moratorium case where it has stated that the interest waiver scheme can be availed by borrowers in specified loan accounts for a period from March 1 to August 31, 2020.

The top court had asked the government to implement the scheme, which will bring relief to millions of borrowers, at the earliest.

Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the ...

He also said that giving a waiver of interest for a six-month moratorium on loan repayment would rupture the financial system

Former Madhya Pradesh Chief Minister Kamal Nath's farm loan waiver scheme, that he announced within hours of assuming office, is likely to be scrapped. However, it doesn't end there.

As many as 14,591 farmers committed suicide in Maharashtra between October 2014 and August 2019, state Relief and Rehabilitation Minister Vijay Wadettiwar said on Monday.

The crop loan waiver scheme announced by the Shiv Sena-led government in Maharashtra is likely to cost the state exchequer Rs 20,000 crore, said an official on Wednesday.

Chaos ensued inside the Maharashtra Assembly on the first day of budget session after the Shiv Sena-Congress-NCP government released the first list of beneficiaries of its farm loan waiver scheme. The BJP accused the government of playing with farmers' emotions.

Rajasthan Chief Minister Ashok Gehlot on Monday said the state government will give relief to poor farmers by bringing a one-time scheme to waive crop loans taken from nationalised banks.

Punjab Chief Minister Charanjit Singh Channi announced release of funds worth Rs 1,200 crore to clear loans up to Rs 2 lakh under the existing debt waiver scheme along with cancellation of all FIRs against farmers in the state

Punjab Chief Minister Amarinder Singh on Friday rolled out a Rs 520 crore debt relief scheme for 2.85 lakh farm labourers and landless farmers on the occasion of the 77th birth anniversary of former Prime Minister Rajiv Gandhi.

Assam chief minister Himanta Biswa Sarma had promised loan waiver to poor women in order to provide relief amid the COVID-19 pandemic.

At least two of the five poll-bound states today rushed to announce populist schemes hours ahead of the election dates being announced. Tamil Nadu and West Bengal introduced various policy changes seemingly aimed at electoral prospects. The model code of conduct, which comes into effect immediately after the Election Commission declares the poll da...

Marking the rollout of the Rs 12,110 crore crop loan waiver scheme for over 16 lakh ryots in Tamil Nadu, Chief Minister K Palaniswami on Saturday gave away certificates to nine farmers in Chennai.

Housing loans, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme.

The Central Government has filed its detailed affidavit before the Supreme Court in connection with the loan moratorium case where it has stated that the interest waiver scheme can be availed by borrowers in specified loan accounts for a period from March 1 to August 31, 2020.

The top court had asked the government to implement the scheme, which will bring relief to millions of borrowers, at the earliest.

Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the ...

He also said that giving a waiver of interest for a six-month moratorium on loan repayment would rupture the financial system

Former Madhya Pradesh Chief Minister Kamal Nath's farm loan waiver scheme, that he announced within hours of assuming office, is likely to be scrapped. However, it doesn't end there.

As many as 14,591 farmers committed suicide in Maharashtra between October 2014 and August 2019, state Relief and Rehabilitation Minister Vijay Wadettiwar said on Monday.

The crop loan waiver scheme announced by the Shiv Sena-led government in Maharashtra is likely to cost the state exchequer Rs 20,000 crore, said an official on Wednesday.

Chaos ensued inside the Maharashtra Assembly on the first day of budget session after the Shiv Sena-Congress-NCP government released the first list of beneficiaries of its farm loan waiver scheme. The BJP accused the government of playing with farmers' emotions.