Rajasthan
Rajasthan new chief minister Ashok Gehlot, decided to completely write off loans taken from cooperative banks, while for nationalised and other banks the waiver would be for loans up to Rs 2 lakh as on November 30, 2018.
The move will cost the exchequer Rs 26,000 crore, including Rs 8,000 crore sanctioned by the previous CM Vasundhara Raje and will benefit farmers who are in trouble and have defaulted in loan payment.
The scheme is likely to benefit 23.5 lakh farmers in the state who have taken farm loan from cooperative banks.