Jai Kisan Rin Maafi Yojana is a debt waiver scheme for farmers launched by the Government of Rajasthan in December 2018. The primary aim of this scheme is to provide financial relief to farmers who are facing severe debt and unable to pay it off. Under this scheme, all farmers in Rajasthan who have outstanding loans up to Rs. 2 lakh as of 30 September 2018 are eligible for the benefit.
The scheme provides complete loan waiver for farmers whose outstanding loan amount is up to Rs. 50,000, while those with loans between Rs. 50,000 and Rs. 2 lakh will get a partial waiver. The Rajasthan government has allocated Rs. 18,000 crores to fund the Jai Kisan Rin Maafi Yojana.
The process for farmers to claim the benefits under the scheme is straightforward. They need to fill in an application form available online or at designated banks and submit it along with the required documents. The documents required include identity proof, loan documents, and certificates from panchayats or municipal bodies. Once the application is verified and approved, the loan amount will be waived off or reduced as per the category of the loan.
The scheme has received substantial support from farmers across the state. It is considered one of the significant steps taken by the government to ease the financial burden and improve the condition of farmers. The scheme also aims to reduce farmers’ stress and agony, ensuring they live a stress-free life.
In conclusion, the Jai Kisan Rin Maafi Yojana is a much-needed initiative by the Rajasthan government to help alleviate the financial burden of farmers in the state. It will undoubtedly help improve the social and economic conditions of the rural population, bettering the overall quality of life.