The government has also extended support to farmers with higher loan liabilities. Borrowers whose crop loans exceed Rs 75,000 will receive financial assistance of Rs 35,000 each, broadening the reach of the relief package.
According to official estimates, the expanded programme will benefit around 14.43 lakh farmers across the state and involve an additional financial commitment of Rs 5,932.23 crore.
Of the total beneficiaries, approximately 8.33 lakh marginal farmers are expected to receive relief worth Rs 3,599.67 crore, while 5.16 lakh small farmers will benefit from assistance amounting to Rs 1,995.42 crore. A further 93,548 farmers in other categories will receive support valued at Rs 337.15 crore.
Officials said the revised scheme was formulated after considering farmers’ demands and adhering to the Reserve Bank of India’s guidelines governing government-sponsored loan waiver programmes.
The Chief Minister has directed departments concerned to implement the enhanced package at the earliest, enabling eligible farmers to regain access to institutional credit and prepare for the upcoming cultivation season without financial stress.
The move is expected to provide a significant boost to the agricultural sector while easing the debt burden on thousands of farming households across Tamil Nadu.
With IANS inputs
