Jay Kisan Rin Mafi Yojna: A Boon for Farmers in Madhya Pradesh
The agricultural sector in India provides employment to more than half of the country’s population. However, due to various reasons like natural calamities, low yields, or lack of credit facility, farmers often face financial distress and even indebtedness. In light of this, many government schemes have been launched to provide financial aid to the farming community and ease their burdens. One such scheme is the Jay Kisan Rin Mafi Yojna in Madhya Pradesh.
The Jay Kisan Rin Mafi Yojna is a debt waiver scheme launched by the Madhya Pradesh government for farmers who have taken loans from cooperative banks and other rural banks. The scheme was brought into effect in February 2019 to provide support to those farmers who have been unable to pay back their loans due to various reasons.
Under the scheme, farmers from all categories, including Scheduled Castes, Scheduled Tribes, and Other Backward Classes, can avail of a waiver of up to Rs. 2 lakh on their outstanding loans. The scheme covers loans taken from cooperative banks, cooperative societies, and rural banks for different purposes like crop loans, term loans, and personal loans. The scheme also covers the interest on the outstanding loan.
To qualify for the scheme, the farmer should not own more than 2 hectares of irrigated land or 4 hectares of non-irrigated land. The application for the scheme can be made online or offline by submitting the required documents to the designated bank or the cooperative society where the loan has been taken.
The Jay Kisan Rin Mafi Yojna has been a great relief for farmers who were struggling to pay back their loans and were facing the risk of losing their land or other assets. The scheme has helped farmers to get rid of the burden of debt and provided them with renewed hope to continue farming with renewed vigor.
The scheme has also helped in boosting the morale of the farming community, which has been facing various challenges like low productivity, inadequate infrastructure, and lack of credit facilities. The scheme has given a clear message to farmers that the government is committed to their welfare and is taking steps to provide them with the necessary support and encouragement.
In conclusion, the Jay Kisan Rin Mafi Yojna is a significant step taken by the Madhya Pradesh government towards supporting farmers and providing them with relief from crippling debt. It is a move in the right direction and will go a long way in empowering farmers and encouraging them to continue producing food for the country.