50,000 cases of loan waiver claims in Rajasthan found to be false, cancelled

D is the policyowner and insured for a $50,000 life insurance policy. The beneficiary is D’s wife. D and his wife divorce and D remarries, transferring ownership of his policy to his new wife.

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Farmers had blocked several roads in sikar demanding implementation of the Swaminathan Committee’s recommendations and crop loan waiver. After the discussion between the government officials on Wednesday, the Rajasthan government decided to waive off the loans for around 50,000 farmers.

NCDC sanctions Rs 5000 crore for Rajasthan govt farm loan waiver In February, Raje had announced a one-time loan waiver for small and marginal farmers in the state up to Rs 50,000 in the overdue and outstanding category of short term loan provided by cooperative banks.

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D is the policyowner and insured for a $50,000 life insurance policy. The beneficiary is D’s wife. D and his wife divorce and D remarries, transferring ownership of his policy to his new wife.

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Rajasthan Chief Minister Vasundhara Raje on Thursday launched a crop loan waiver scheme, considered the biggest sop in the run-up to this year’s Assembly election, by distributing certificates.

Sikar, Rajasthan: Farmers Call Off 13-Day Long Strike After Govt Agrees to Waive Farmers’ Loans up to Rs 50,000 Courtesy: News Click | Image Credit: News Click The farmers’ movement in Sikar, Rajasthan has won a significant victory with the successful conclusion of the 13-day long struggle led by the All India Kisan Sabha, the farmers.

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The Rajasthan Police’s chief has announced that the Special Operations Group(SOG) has launched a probe into the alleged farm loan waiver scam. Farmers had alleged that despite not taking any loans, their names appeared in the list of beneficiaries whose loans were waived off.

Behind Rajasthan’s indecision on the loan waiver are both economics and politics. A waiver of up to Rs 50,000 per farmer would cost the government Rs 20,000 crore and a blanket loan waiver could run up a bill of Rs 49,500 crore.

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U-turn on loan waiver. Backtracking on its promise, the Rajasthan government in its budget announced a one-time loan waiver up to Rs 50,000 for small and marginal farmers who had defaulted on.