Bumper relief for farmers! Interest of Rs 2266 crore waived off for 6.81 lakh people, new loan will also be available

Haryana Chief Minister Naib Singh Saini has given very good news to the farmers and laborers. The government has launched One Time Settlement Scheme (OTS) on loans taken from Primary Agricultural Cooperative Societies (PACS). Under this scheme, interest amounting to Rs 2,266 crore of more than 6.81 lakh farmers and laborers will be completely waived off.

Complete details of interest waiver scheme

This scheme will run till 31 March 2026. If farmers deposit their original loan amount in PACS, then the entire interest will be waived off. At present, PACS has a total outstanding loan of Rs 3,400 crore, most of which is interest only.

The main thing is that this relief will also be given to the families of the deceased farmers. If the heirs of about 2.25 lakh deceased farmers deposit the principal amount, then their interest of about Rs 900 crore will be waived off. As soon as the OTS is completed, farmers will be able to take a new loan in three installments within a month, so that there is no shortage of money for the next crop.

Compensation of Rs 116 crore to flood affected farmers

Heavy rains and floods in August-September caused huge losses in many districts. Now the government has released compensation of Rs 116 crore to 53,821 farmers. During investigation, crops were found damaged in 1,20,380 acres of fields.

Crop wise compensation is divided as follows:

• Millet: 35.29 crores
• Cotton: 27.43 crores
• Paddy: 22.91 crore
• Guar: 14.10 crores

The compensation money will reach the accounts of all the farmers within a week. Earlier, Rs 4.72 crore has also been released for damage to livestock, houses and other losses.

More than 5.29 lakh farmers had registered the loss of 31 lakh acres of land on the e-compensation portal, but after verification, only 53,821 farmers were found eligible. In many places the water drained quickly, saving the crops and leaving them without compensation. After matching with the e-procurement portal, 11,615 acres of land was also removed from the list.

358 crores to millet farmers from Bhavantar scheme

To provide relief to millet producers, Rs 358.62 crore has been given to 1.57 lakh farmers under the Bhavantar Compensation Scheme. This season, 6.23 lakh metric tonnes of millet was purchased and till now a total of Rs 1,285.62 crore has been received by the farmers as Bhavantar.

Rs 1700 crore released for development works

The government has released Rs 1,700 crore to development authorities to accelerate rural and urban development. The Chief Minister says that these decisions will strengthen the economy of the state and help in increasing the income of farmers.