In this article we shall take a look at the new loan waiver scheme introduced by the Maharashtra government to ease the debt of loan plagued lower classes.

We often read about farmers and other low income group workers committing suicide to escape from their debt ridden lives. This is indeed disturbing as no one should have to give up their lives to escape something like debt. The stigma and the loss of dignity that the people in the lower income groups have to face sometimes pushes them in that direction. Besides, the family of the deceased has to suffer due to such dire conditions once the bread earner dies. So apart from offering subsidies and providing other welfare schemes for farmers who are eager to rise up, the government has also introduced this one time scheme to waive off all loans and debts owed by the lower income group people with no means to pay such debt. In this article we shall discuss the Maharashtra Mahatma Jyotirao Phule Loan Waiver Scheme and its various aspects.

Jyotiba Phule Karj Mafi Yojana

Under this scheme, loan of up to Rs 2 lakh upon farmers of the state will be waived off by the Government of Maharashtra. The benefit of this Mahatma Jyotirao Phule Karj Mafi Yojana 2024 will be given to the small and marginal farmers of the state. Additionally, the farmers of the state who do other traditional farming with sugarcane, fruits, will also get this Maharashtra Mahatma Jyotirao Phule loan waiver . The waiver is to be unconditional for the farmers and its details will be issued by the Chief Minister’s Office in the future.

All the beneficiaries covered under Maharashtra Mahatma Jyotiba Phule Karj Mafi Yojana will be covered by the Maharashtra government by the end of July 2024. Under the Maharashtra Mahatma Jyotiba Rao Phule loan waiver list, 11.25 lakh farmers will get benefits and by July ₹8200 crore will be transferred to farmers’ accounts. This scheme was started to provide relief to the debt-ridden farmers.

Due to Coronavirus, there has been a hindrance in the implementation of this scheme and all those farmers who have not got the benefit of this scheme will be benefited. All those farmers who have not yet received the benefit of this scheme need to get their Aadhaar authenticated before benefitting from the scheme.

Benefits And Features Of Jyotirao Phule Karj Mukti Yojana

The following are the features and benefits of the Jyotirao Phule Karj Mukti Yojana:

1. Under this scheme, the loan of up to Rs 2 lakh of the farmers of the state will be waived off by the Government of Maharashtra.
2. Short term crop loan and restructured crop loan will be waived from 1st April to 31st March.
3. The payment of the state government debt relief amount will be directly transferred to the loan account of the beneficiary farmers.
4. Crop loans taken by farmers from nationalized, traders, district central cooperative banks, rural banks, various working cooperative societies and restructured crop loans will be waived off.
5. The benefit of this scheme will be provided to the small and marginal farmers of the state.

Non-Eligible Farmers

The following categories of farmers will not be eligible for the loan waiver scheme:

1. Former Minister, Former MLA and MP
2. Under this scheme, benefits will not be given to Central and State Government officers, employees (with a monthly salary of more than Rs 25,000) (except class IV).
3. Officers, employees of the Government of Maharashtra (on a monthly salary of more than Rs. 25,000) (except class IV)
4. The Board of Directors of State Cooperative Sugar Factories, Agricultural Produce Market Committees, Cooperative Milk Unions, Citizen Cooperative Banks, Cooperative Spinning Mills and officials whose monthly salary is more than Rs.25000. They will not be benefited under this scheme.
5. Individuals receiving a monthly pension amount of more than Rs 25 thousand of the state will also not be eligible in this scheme.
6. People of Maharashtra who pay income tax in addition to agricultural income will not be given the benefit of this scheme.

Documents For Application for Jyotirao Phule Loan Waiver Scheme

All eligible candidates must produce the following at the time of applying for the waiver:

1. Thumb impression with bank official
2. Aadhaar Card of the applicant
3. Address proof
4. Bank account passbook
5. Mobile number
6. Passport size photo

How To Apply?

Interested beneficiaries of the state who want to apply under this Maharashtra Mahatma Jyotirao Phule Shetkari Loan Waiver Scheme can apply offline, first of all you have to go to your nearest bank with all your documents, Aadhaar card and bank passbook. By going there you have to complete all the processes. Now after completing the process the loan amount will be transferred to his account. In this way your application will be completed.

1. Under this scheme, the bank’s loan account of the interested beneficiaries of the state should be linked to Aadhaar card and should be linked to various working cooperative societies.
2. From March the lists prepared by the banks containing the Aadhaar card number and loan account amount will be published on the notice boards as well as on the chavadis.
3. These lists will give a unique identification number to the farmer’s credit account of the state.
4. Farmers of the state will have to carry the Unique Identification Number along with their Aadhaar card and visit the ‘Aap Sarkar Seva’ center to verify their Aadhaar number and loan amount.
5. If the loan amount is sanctioned to the farmers after verification, the amount of loan relief will be credited to the loan account as per the rules.
6. If farmers have different views on the loan amount and Aadhaar number, it will be presented before the district collector’s committee. The committee will decide and take final action.

How To See The Jyotirao Phule Loan Waiver Scheme List?

The interested beneficiaries of the state who want to see the Karj Mafi List should follow the method given below.

1. First of all the applicant has to visit the official website of the scheme.
2. After visiting the official website, the home page will open in front of you.
3. On this home page you will see the option of beneficiary list, you have to click on this option. After clicking on the option, the next page will open in front of you on the computer screen.
4. On this page you have to select your district. After that you have to select your village. Then the beneficiary list will open in front of you on the next page.
5. Then you can check your name in the Mahatma Jyotirao Phule loan waiver scheme list.

Conclusion

While such initiatives are not the ultimate solution and can cause a major burden on taxpayer money, it is sometimes the only respite. What needs to be done is to make the criteria for private lending tougher in terms of regulations and educate the farmers and other lower income group workers in the field of financial management. Also more awareness needs to be spread about the various government welfare schemes which also offer interest free loans and subsidies to farmers. If you have any other queries or require any assistance with regards to any legal or regulatory matter, get in touch with us and we will ensure that the right professional for your requirements assists you with your needs.

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