Tamil Nadu announces crop loan waiver for 14.22 lakh farmers

T.N. government announces cooperative crop loan waiver up to ₹50,000

Tamil Nadu CM Vijay announced a tiered waiver on cooperative crop loans up to ₹50,000 for 14.2 lakh small and marginal farmers, at a state cost of ₹2,044 crore. The move signals rural credit stress in India and potential demand for cooperative banking digitization among agri-fintech players.