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The Hindu
The Hindu
National
Special Correspondent

Only 50% farmers benefited from farm loan waivers, finds study

SBI Telangana Jharkhand Karnataka Punjab

Only about half of the intended beneficiaries of farm loan waivers announced by nine States since 2014, have actually received debt write-offs, as per a study by State Bank of India’s researchers.

As of March 2022, the poorest implementation of farm loan waiver schemes in terms of proportion of eligible farmers who had received the announced benefits, were in Telangana (5%), Madhya Pradesh (12%), Jharkhand (13%), Punjab (24%), Karnataka (38%) and Uttar Pradesh (52%).

By contrast, farm loan waivers implemented by Chhattisgarh in 2018 and Maharashtra in 2020, were received by 100% and 91% of the eligible farmers, respectively. A similar waiver announced by Maharashtra in 2017 worth ₹34,000 crore for 67 lakh farmers, has been implemented for 68% of beneficiaries, SBI researchers reckoned.

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