Tamil Nadu Restructures Crop Loan Waiver Scheme
The Tamil Nadu government has restructured its crop loan waiver scheme and extended the eligibility period by one month. It has sanctioned an extra ₹2,842.77 crore to put the expanded scheme into effect. The change is about how farm loans are waived under the state scheme.
Context
A crop loan waiver cancels farm loans, so farmers do not have to repay the amount covered. State governments usually fund these schemes from their own budgets, and details like eligibility dates often change as they are revised.
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