New Farmer Loan Waiver Scheme: A major initiative has been launched to alleviate the financial hardships of farmers. Frequent natural disasters such as floods, rains, and droughts have caused significant damage to the state’s farmers’ crops. Consequently, many farmers were unable to profit from their crops and repay loans taken from banks or government institutions. In response to this situation, the state government has implemented a loan waiver scheme to provide relief to economically vulnerable farmers.
What is the objective of the scheme?
This government scheme aims to provide relief to farmers whose crops were destroyed due to natural disasters and who are burdened with debt. The government claims that this initiative has helped small and marginal farmers become self-reliant in farming again.
Which farmers will benefit?
This scheme is only available to farmers who meet certain criteria. Eligible farmers are those who do not own a four-wheeled vehicle, tractor, or motor car. Additionally, applicant farmers must be over 21 years of age and permanent resident of Uttar Pradesh. Farmers with very low incomes and unable to meet their farming needs are given special priority under this scheme.
How Farmers Can Apply
To avail the benefits of the loan waiver scheme, farmers must apply online. First, visit the official website, upagriculture.com. Click on the “2024 Loan Waiver Scheme” option on the site and then register. Farmers must enter their name, bank account details, loan information, and land information in the application form. After uploading the required documents and clicking the “Submit” button, the application process will be completed.
Read Here: Best Bluetooth Speakers Under Rs 1000 on Flipkart Sale 2025 with Top Sound Quality
Required Documents for Application
Under the scheme, farmers must submit certain required documents along with their application. These include Aadhaar card, bank statements from the last six months, loan information, income certificate, land documents, and Kisan Credit Card. Under the scheme, the government is waiving loans of farmers up to Rs 1 lakh. This step has brought great relief to those farmers who were in debt for the last several years.