“UP Kisan Debt Waiver Scheme Brings Relief to Struggling Farmers, but Challenges Remain”
UP Kisan Debt Waiver Scheme: The UP Kisan debt waiver program run by the Uttar Pradesh government has helped small and marginal farmers in the state who were having trouble paying back their loans. The program, which was launched in 2017, aims to forgive eligible farmers’ outstanding loans up to a maximum of Rs. 1 lakh.
Farmers who have defaulted on their loans but have not been declared as defaulters by the banks are also eligible for assistance under the scheme, which applies to loans obtained from cooperative banks, rural banks, and commercial banks. Farmers must own less than two hectares of land and have less than Rs. 10,000 in outstanding loans in order to be eligible for the program. 1 lakh, and have borrowed money prior to March 31, 2016
Many people have praised the UP Kisan debt waiver program as a step toward addressing the state’s problem of farmer distress and debt. Be that as it may, it has likewise confronted analysis for its restricted inclusion and for not tending to the main drivers of rancher trouble like low efficiency and absence of admittance to business sectors.
The plan has given truly necessary help to little and minor ranchers who were attempting to reimburse their credits, however there is still far to go in resolving the fundamental issues that ranchers face. The public authority should do whatever it may take to increment efficiency and give better admittance to business sectors to guarantee that ranchers can procure a fair pay from their harvests.
