Haryana Announces One-Time Settlement Scheme to Waive ₹2,266 Crore Interest for Farmers

Key Highlights

• ₹2,266 crore interest waived.

• 6.81 lakh farmers to benefit.

• Families of 2.25 lakh deceased farmers covered.

• Fresh loans available after repayment.

• Scheme valid till March 31, 2026.

The Haryana government has launched a major relief measure for farmers and laborers struggling with overdue loans. Chief Minister Nayab Singh Saini has announced a one-time settlement (OTS) scheme that will waive ₹2,266 crore in outstanding interest on loans taken through Primary Agricultural Cooperative Societies (PACS). The scheme will remain active till March 31, 2026.

Also Read: UP to Produce 15.90 Lakh Disease-Free Sugarcane Plants: Big Boost for Farmers Income

Big Relief for Farmers Under OTS Scheme

During a press conference at the Civil Secretariat on December 10, CM Saini said that this decision is an important step towards reducing farmers’ debt burden and supporting the progress of agriculture in the state.

He explained that farmers who repay only the principal loan amount to PACS will get 100% interest waiver on overdue loans. Many farmers were unable to repay their loans due to rising interest rates, and this scheme will help them restart farming without stress.

6.81 Lakh Farmers and Laborers to Benefit

According to government data, 6,81,182 farmers and poor laborers will directly benefit from this scheme. These beneficiaries had accumulated heavy interest on crop loans, tenant loans, and shop loans due to delayed repayment.

All farmers whose loans were overdue as of September 30, 2024, will be eligible for this scheme.

Special Provision for Families of Deceased Farmers

The humanitarian part of the scheme is the benefit extended to the families of approximately 2.25 lakh deceased farmers.

If the legal heirs repay the principal amount of the loan, the government will waive the entire interest. For this, a separate provision of ₹900 crore has been made. This will provide major relief to families who were facing financial hardships after the death of the earning member.

Fresh Loan Facility After Principal Repayment

The scheme not only clears old dues but also supports farmers in future cultivation.
One month after repaying the principal amount, farmers will be eligible for new crop loans, which will be given in three installments.

This will help them buy seeds, fertilizers, and other essentials for the upcoming cropping season.

Boost to Haryana’s Agricultural Economy

Unseasonal rains, floods, and natural disasters have pushed many farmers into financial trouble. The state government believes that interest waivers and fresh loan availability will give a new start to these affected farmers.

Officials say the scheme aims to reduce debt pressure, increase agricultural resilience, and improve productivity—helping both farmers and the state economy.

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CMV360 Says

The Haryana government’s one-time settlement scheme is a major relief step for farmers and laborers struggling with loan burdens. By waiving ₹2,266 crore in interest and offering new loan facilities after principal repayment, the state aims to restart agricultural activities smoothly. The inclusion of 2.25 lakh deceased farmers’ families further strengthens the scheme’s social impact. This initiative is expected to boost farmer confidence and support Haryana’s agricultural growth.