The Rajasthan government has introduced a One-Time Settlement (OTS) scheme for farmers and land development bank loans, providing significant relief to farmers and small entrepreneurs. State Minister of Cooperation (Independent Charge), Gautam Kumar Dak, stated that this scheme will benefit both land development banks and farmers facing financial difficulties. Under the OTS scheme, farmers and small entrepreneurs in the state will receive a special discount on interest, helping them manage their financial burden more effectively.
Big Relief for Farmers and Entrepreneurs in Rajasthan
The state government’s initiative will provide significant relief to farmers and small entrepreneurs in Rajasthan while also improving the financial condition of land development banks.
100% Interest Waiver Under OTS Scheme
As per the state government’s decision, farmers and small entrepreneurs who repay the principal loan amount will get a 100% waiver on overdue interest. This will not only ease the financial burden on borrowers but also strengthen land development banks.
सहकारिता राज्य मंत्री (स्वतंत्र प्रभार) श्री गौतम कुमार दक ने कहा कि राज्य सरकार द्वारा, भूमि विकास बैंकों के ऋणों के लिए एकमुश्त समझौता (OTS) योजना से किसानों और लघु उद्यमियों को तो बड़ी राहत मिलेगी, साथ ही कमजोर आर्थिक स्थिति से जूझ रहे भूमि विकास बैंकों के लिए भी, राज्य सरकार… pic.twitter.com/k3DcxoQCEb
— Government of Rajasthan (@RajGovOfficial) March 16, 2025
Who Can Benefit from the Scheme?
Farmers and small entrepreneurs who have taken loans from land development banks and are struggling to repay due to high interest can benefit from the OTS scheme. With a complete waiver of interest, they will get a chance to recover from their financial crisis.
This scheme is part of the state government’s Har Ghar Khushali Abhiyan, aimed at providing relief to economically weaker sections.
प्रदेश के विद्युत उपभोक्ताओं को बिजली बिल के व्याज एवं अधिभार में बड़ी राहत देते हुए कल एकमुश्त समाधान योजना (OTS) लागू की गई है। यह 15 दिसंबर से तीन चरण में प्रभावी होगी।
इस योजना में छोटे लोड वाले, कम राशि के बकायेदारों को अधिभार में शत-प्रतिशत छूट दी गई है। अन्य श्रेणी के… pic.twitter.com/iSGBeWUsuY
— A K Sharma (@aksharmaBharat) December 1, 2024
Benefits for Land Development Banks
- Banks will recover loans, improving their financial stability.
- The cooperative sector will be strengthened, leading to overall growth in the rural economy.
How to Apply for the Scheme?
- To avail of the benefits of the One-Time Settlement (OTS) Scheme, farmers and small entrepreneurs can visit their nearest Land
- Development Bank or Cooperative Society and apply within the stipulated time.