Tamil Nadu CM Announces Loan Waiver for Marginal Farmers
TN CM Vijay announces waiver of loans up to ₹50,000 for marginal farmers

Image: Business Standard
Tamil Nadu Chief Minister Vijay has announced a waiver of crop loans up to ₹50,000 for marginal farmers borrowing from cooperative banks, benefiting approximately 1.42 million farmers. This initiative involves a government expenditure of ₹2,044.46 crore and aims to alleviate the financial burden on small-scale agriculturalists.
- 01The loan waiver will benefit 1,422,000 marginal farmers in Tamil Nadu.
- 02The total government expenditure for this scheme is ₹2,044.46 crore.
- 03Larger farmers will receive a relief of ₹5,000 for their cooperative bank loans.
- 04The waiver covers loans taken between May 1, 2025, and February 28, 2026.
- 05The scheme was part of the election promises made by the ruling party.
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Tamil Nadu Chief Minister Vijay announced a significant waiver of crop loans for marginal farmers, specifically targeting loans up to ₹50,000 from cooperative banks. This initiative is expected to assist approximately 1.42 million farmers and will incur a government expenditure of ₹2,044.46 crore. For larger farmers, the relief amount is set at ₹5,000. The scheme aims to address the financial challenges faced by small-scale farmers, with a structured waiver plan for loans exceeding ₹50,000. The government will provide varying levels of relief based on the loan amount, with specific waivers outlined for different brackets. The loan waiver applies to loans taken between May 1, 2025, and February 28, 2026. This announcement follows a review meeting led by the Chief Minister, highlighting the government's commitment to supporting the agricultural sector as part of its election promises.
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The loan waiver is expected to significantly reduce the financial burden on marginal farmers in Tamil Nadu, enabling them to invest in their agricultural activities.
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