Across Rajasthan, a big sigh of relief is echoing through the farming community. The state government has stepped in with a much-needed helping hand for farmers who’ve been carrying the burden of unpaid interest and overdue loans for years. Especially after facing back-to-back crop failures, erratic rainfall, and fluctuating market prices, thousands of farmers have been unable to repay not because they didn’t want to—but because life didn’t give them a fair chance.
To solve this, the government has launched the Mukhyamantri Avadhik Par Biyaj Rahat Ekmusht Samjhauta Yojana 2025-26. Yes, the name is long, but the benefits are solid. If you are a farmer who already paid off the main loan amount (the principal), but interest and penalties are still dragging you down—this scheme could change your life.
What Is the Mukhyamantri Interest Waiver Scheme?
This scheme has been designed specifically for those farmers who are not habitual defaulters but victims of tough situations—like natural disasters, low crop prices, or delayed payments. If such farmers pay their principal loan amount and the insurance premium in full by June 30, 2025, then the government will waive off the entire interest and any penalty interest. That’s right—100% interest waiver!
It’s like wiping the slate clean and getting a fresh start, especially for those who had almost cleared their debt but just couldn’t finish because of the piling interest.
Who Can Actually Benefit From This Scheme?
Before jumping in, it’s important to know the eligibility. Not every farmer will qualify. The scheme is valid only for those whose loans had become overdue before July 1, 2024. Also, if you’ve already taken benefits from earlier interest subsidy schemes like the one in 2014-15, then sadly, this new one doesn’t apply to you. This is strictly for first-time interest relief seekers.
So, in simple terms: If your loan is overdue since before July 1, 2024, and you haven’t availed of any previous government interest relief schemes, you are good to go. All you have to do is repay the principal and insurance premium by the deadline, and boom—your loan is cleared, and your record is clean.
Why This Scheme Is a Lifesaver for Farmers
Let’s be real—life hasn’t been kind to many farmers, especially in regions like Rajsamand and its surrounding villages. Unseasonal rains, crop failure, and the never-ending rise in farming costs have left many with barely enough to survive, let alone repay loans. Even when some manage to repay the main amount, the interest keeps accumulating silently.
That’s where this scheme becomes a game-changer. Instead of being stuck in a debt trap year after year, farmers now have the power to finally close their loan accounts and look ahead. With their financial burden reduced, they can once again invest in their land, purchase better seeds, or even apply for fresh credit—this time with more confidence and respect.
Progress So Far: Real Farmers, Real Benefits
The scheme has already started making waves. As per reports from Rajsamand district, 119 farmers have applied, and 61 of them have successfully closed their loan accounts. These farmers collectively received over ₹1.02 crore in interest waivers—that’s huge! The remaining applicants are also on their way to becoming debt-free.
Overall, about 505 loan account holders have been marked eligible for this scheme in the district. If you think you might qualify, there’s no time like the present to check and apply.
How the Scheme Works: Step-by-Step
Once your eligibility is confirmed, the bank will send you a letter or form showing all your financial details—like the total principal, the payable interest, and how much relief you will get. To take advantage, you must pay at least 25% of your total dues by June 30, 2025. This amount includes your principal and insurance premium.
The remaining amount, if any, must be paid in up to three installments by September 30, 2025. But remember this—only the payments made till June 30 are considered for interest relief. Any delay beyond that, and the benefit is gone. So if you want the government to waive your interest, make that first payment before June ends.
Words from the Ground: What Officials Say
Vinod Kothari, the acting secretary of Land Development Bank in Rajsamand, has clearly stated that this is a once-in-a-lifetime chance for farmers. Many of those who acted quickly are already reaping the rewards. But several eligible farmers are still unaware or hesitant. That’s why the bank and government are urging everyone to come forward, prepare their documents, and make their payment before the deadline.
This scheme isn’t just about money—it’s about giving farmers peace of mind and a second chance at financial independence. And for many, that’s worth more than just rupees and paisa.
Overview Table: Key Highlights of Kisan Karj Mafi Yojana 2025
| Feature | Details |
|---|---|
| Scheme Name | Mukhyamantri Avadhik Par Biyaj Rahat Yojana 2025-26 |
| Applicable State | Rajasthan |
| Target Beneficiaries | Farmers with overdue loans before July 1, 2024 |
| Condition | Must not have availed 2014-15 interest subsidy scheme |
| Main Requirement | Repay full principal + insurance premium by June 30, 2025 |
| Interest Waiver | 100% of interest + penal interest waived |
| Installment Option | Remaining amount can be paid till Sept 30, 2025 in 3 parts |
| Ineligible Payments | Payments after June 30 not eligible for interest waiver |
| Documents Needed | Identity proof, loan account details, payment receipts |
| Contact Point | Nearest Land Development Bank branch or local government agriculture office |
FAQs: Kisan Karj Mafi Yojana 2025
Q: Can I apply online for this scheme?
As of now, the process is mostly offline. Farmers are receiving forms directly from the bank. You should contact your local branch for details.
Q: What happens if I pay after June 30?
Any payments made after June 30 will not be eligible for interest waiver. You may still close your loan, but without the benefit.
Q: Will I get a fresh loan after clearing this?
Yes, clearing your past loan increases your creditworthiness. Banks are more likely to approve your future agricultural loan applications.
Q: I took a subsidy in 2014-15, am I still eligible?
Unfortunately, no. Farmers who benefited from the 2014-15 interest subsidy scheme are not eligible under this new scheme.
Q: What documents do I need?
You’ll need your Aadhaar card, loan account passbook, land ownership proof, and insurance premium details.
Final Words: Don’t Miss the Deadline
This scheme is not just a policy—it’s a ray of hope. For thousands of farmers, it’s a chance to break free from the heavy chain of debt and start afresh. But it comes with a strict deadline. If you or someone in your family qualifies, act now. Don’t wait for the last minute.
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