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.