Punjab Krishi Karj Mafi Yojana 1st Phase Details – Govt to Waive 47000 Farmers’ Loan

Punjab Mahatma Gandhi Sarbat Vikas Yojana (MGSVY)
Punjab Krishi Karj Mafi Yojana 1st Phase – The Hon’ble Chief Minister of Punjab Captain Amarinder Singh has initiated the “Punjab Krishi Karj Mafi Yojana” for the waiver of the loans of the farmers. On this occasion, he drew opposition parties and some farmers ‘organizations for spreading false rumors on farmers’ issues and during the course of functioning, the Chief Minister handed over a nominal certificate to 10 farmers of Mansa, Bathinda, Faridkot, Muktsar and Moga districts. Under the debt waiver scheme, in the first phase, about 47 thousand farmers will be waived.

Punjab Krishi Karj Mafi Yojana 1st Phase Details
The Chief Minister said that in the first phase of the scheme, a total of 6.53 lakh farmers will get relief of 27 hundred crore rupees. Rejecting reports of Singh being not named in the list, he said that it is a rumor spread by Akali Dal, Aam Aadmi Party and some farmer organizations. The Chief Minister said, the state’s financial situation is worse than what the Congress thought before the election. Even after this, more apology has been given in Uttar Pradesh, Maharashtra, Rajasthan, Madhya Pradesh and Karnataka.
The Chief Minister said that due to technical reasons, some farmers’ names have not been included in the list and such complaints are being solved and people should take these complaints with their concerned SDM and DM. Singh said that under this scheme 10.25 lakh farmers are being provided relief. Only big farmers are not included in this. According to the government, there are 17.5 lakh farmers in Punjab.
Highlights of Punjab Krishi Karj Mafi Yojana 1st Phase

Below are the main features and the highlights of this Punjab Kisan Karj Mafi Yojana –

SchemePunjab Debt Waiver Scheme – 1st Phase
AnnouncementCaptain Amarinder Singh
Official Launch Date7 January 2018 at Mansa, Punjab
Eligible BeneficiariesMarginal Farmers (Less than 2.5 acre) and Small Farmers (2.5-5 acres) land holdings
No. of Beneficiaries5.63 lakh (out of total 10.25 lakh)
Total Loan Waiver Amount for 1st PhaseRs. 2700 crore (out of total 9500 crore)
Loan Amount to get Waived OffUp to Rs. 2 lakh
Total Outstanding Crop / Farm LoanRs. 59,921 crores
Banks Covered Under 1st phaseCooperative Banks

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