Punjab Kisan Karj Mafi Yojana 2018(Debt Waiver Scheme) for Small & Marginal Farmers

Published Date - 06 March 2018 05:08:29 Updated Date - 06 March 2018 05:09:05

Punjab Govt. is planning to launch Punjab Kisan Karz Mafi Yojana to forgive the loans of the farmers of Punjab. This is a great initiate by Punjab government for the poor farmers of the Punjab State. As per the information, Punjab government will waive off loans of up to Rs. 2 Lakh for small & marginal farmers.

State government of Punjab finally launched 1st phase of Karj Mafi Yojana Debt Waiver Scheme. Under the Kisan Karj Mafi Yojana, the government will waive of loans upto Rs. 2 lakh of small and marginal farmers. For benefiting the farmers, Kisan Karj Mafi Yojana certificates will be provided to the farmers. As per the information, the Punjab Crop Loan Waiver Scheme will waive off the loans of around 5.63 lakh farmers in the 1st phase.

During the launch of the Kisan Karj Mafi Yojana, the government distributed Debt-relief certificates to 10 farmers and further it will cover over 47,000 farmers having loan amount of Rs. 167.39 crore. These farmer are from 5 districts – Mansa, Faridkot, Muktsar, Bhatinda and Monga, had taken a loan from 701 primary agriculture cooperative societies.

Total 5.63 lakh small and marginal farmers has been identified by the government for Farm Loan Waiver Scheme Punjab. As on 31 March 2017, these farmers loans amount is around Rs. 2700 crore which is taken from cooperative institutions.


पंजाब के किसानो का क़र्ज़ माफ़ करने के लिए पंजाब सरकार ने Loan Waiver Scheme Punjab 2018/किसानकर्जमाफीयोजनापंजाब 2018 को लॉन्च करने की योजना बनायीं है। इसका पहला चरण कल मनसा जिले में शुरू किया गया है। जानकारी के मुताबिक, पंजाब सरकार रु 2 लाख तक के ऋण छोटे और सीमांत किसानों को देगा।

Under Punjab Kisan Karz Mafi Yojana Govt. will provide Debt Relief Certificate the the beneficiary farmers. Punjab Crop Loan Waiver Scheme will covered 5.63 Lakh farmers in the first phase of the scheme. Moreover, recently government distributed debt-relief certificate to the 10 farmers and waived loan amount of 167.39 crore.

इसके अतिरिक्त, पंजाब सरकार किसानों के लिए ऋण राहत प्रमाणपत्र भी प्रदान करेगा पंजाब क्रॉप लोन माफी योजना को पहले चरण में 5.63 लाख किसानों को कवर किया जाएगा। इसके अलावा, हाल ही में सरकार ने 10 किसानों को ऋण राहत प्रमाण पत्र वितरित किया और 167.3 9 करोड़ की ऋण राशि को माफ कर दिया।

निम्नलिखित जिलों में स्थित 701 प्राथमिक कृषि सहकारी समितियों से किसानों ने ऋण लिया था। सरकार। राज्य में 5.63 मिलियन सीमांत किसानों की पहचान की, जिन्होंने 31 मार्च 2017 को सहकारी संस्थाओं से 2700 करोड़ रुपये का ऋण प्राप्त किया है।

Latest Update (as on 15 January 2018) – Punjab govt. has introduced a new system of self declaration on land holdings for beneficiaries such that the benefits of this scheme reaches the poor farmers properly. All the deserving and eligible candidates will get benefits and rich people will get excluded through this process. Moreover, this self declaration process will also excludes govt. employees & retired pensioners who pay income tax. This Self declaration which follows distribution of random cheques will make this process transparent.

Update (as on 10 January 2018) – Punjab govt. clears another 1.15 lakh more cases under debt waiver scheme which will amount to Rs 580 Crore. This amount will get distributed to the farmers before 31 January 2017. Thus state govt. has covered 1.6 lakh cases (47000 cases on 7 Jan + 1.15 lakh Cases on 10 Jan).

Under this Farm Loan Waiver Scheme, Punjab govt. has identified 5.63 lakh small and marginal farmers in the state who have taken loans of around 2700 crore from the cooperative institutions as on 31 March 2017.


Kisan Karj Mafi Yojana Punjab – 1st Phase

Here are the features of Punjab Farm Loan waiver scheme (1st Phase)

  • The loans of Rs. 2 lakh of small and marginal farmers in the state will be waived off.
  • All marginal farmers having a loan holdings of less than 2.5 acres will be included in the Kisan Karj Mafi list while the small farmers with land holdings between 2.5 – 5 acres will get the benefits.
  • In the first phase, 5.63 lakh farmers will be included in the beneficiary list of debt relief Punjab.
  • 3.20 lakh beneficiaries has already been identified by the government and in addition, the govt. has also approved 1 lakh cases with loan amount of Rs. 748 crores.
  • In the next phase, the farmers who have availed the loans from commercial and private banks will be settled.
  • For distributing the loan amount, debt-relief certificates to around 47000 farmers in Punjab will be distributed.

Kisan Karj Mafi Yojana Punjab will be implemented in the four phases. There are total 17.5 lakh farming households in the state of which 10.25 lakh families will be covered under Punjab Farm Loan Waiver Scheme.

Highlights of Punjab Debt Waiver Scheme (1st Phase) – Quick Facts

The highlights of this Punjab Kisan Karj Mafi Yojana are as follows:-


Punjab Debt Waiver Scheme – 1st Phase


Captain Amarinder Singh

Official Launch Date

7 January 2018 at Mansa, Punjab

Eligible Beneficiaries

Marginal Farmers (Less than 2.5 acre) and Small Farmers (2.5-5 acres) land holdings

No. of Beneficiaries

5.63 lakh (out of total 10.25 lakh)

Total Loan Waiver Amount for 1st Phase

Rs. 2700 crore (out of total 9500 crore)

Loan Amount to get Waived Off

Up to Rs. 2 lakh

Total Outstanding Crop / Farm Loan

Rs. 59,921 crores

Banks Covered Under 1st phase

Cooperative Banks

The state govt. is going to give debt waiver certificates to the selected beneficiaries in this 1st phase. There are 4 phases to complete the entire process of Karj Mafi.

The total number of farming households in the state are 17.5 lakhs. Out of these, govt. will cover around 10.25 lakh families in this Punjab Farm Loan Waiver Scheme.

Eligibility of Kisan Karz Mafi Yojana Punjab:

  • Only Farmers are eligible for Punjab farm loan waiver scheme 2018.
  • Marginal Farmers having area Less than 2.5 acre and Small Farmers having 2.5-5 acres land holdings are eligible.
  • Total 5.63 lakh farmers will be benefited under Karz Mafi Yojana Punjab 2018.

The online application form for the scheme might be invited through the official website of Punjab govt or a new dedicated portal. If the applications are rolled out, the eligible farmers would be able to register themselves and apply online for the Punjab farm loan waiver scheme 2018.


Leave Your Comment Here