Tamil Nadu government has waived some Rs 5,780 crore of crop and other medium and long-term loans taken by small and marginal farmers from cooperative banks. The move is applicable only to loans obtained from cooperative banks until March 31, 2016, not commercial banks.
This step taken by the state government will benefit nearly 17 lakh farmer across the state who are reeling under severe pressure. Their debt burden had increased over the past several years due to a plethora of factors and will now be eased a lot.
The waiver of loan was one of the poll promises made by AIADMK in their election manifesto and was fulfilled hours after Jayalalithaa took oath as chief minister.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: