CM Vijay announces cooperative bank crop loan waiver for farmers in Tamil Nadu

In a significant relief measure aimed at supporting the agrarian sector, Tamil Nadu Chief Minister Vijay on Monday announced a cooperative bank crop loan waiver for farmers across the state.

Under the scheme, marginal farmers will receive a complete waiver of crop loans up to Rs 50,000, while larger farmers will be granted relief of up to



Rs 5,000 on their outstanding cooperative bank loans.

The announcement is expected to benefit thousands of farmers struggling with debt burdens amid rising cultivation costs and uncertain agricultural conditions. The move will benefit around 14.22 lakh farmers and Rs 2,044 crore will be spent on the programme, says CM Vijay.