Haryana CM Nayab Singh Saini announces Rs 2,266 Cr interest waiver for PACS farmers

• Haryana government launched a One-Time Settlement (OTS) scheme for farmers with overdue loans from Primary Agricultural Cooperative Societies (PACS).
• The scheme, effective until March 31, 2026, waives the entire outstanding interest (Rs 2,266 crore) for 6,81,182 farmers who deposit their principal loan amount.
• It covers crop and shop loans that became overdue as of September 30, 2024.
• Families of 2.25 lakh deceased farmers will also benefit, with a Rs 900 crore interest waiver if legal heirs deposit the principal.
• Farmers settling their loans under the scheme will be eligible for new crop loans in three installments.

Why It Matters: Haryana's scheme clears farmer debt, allowing new loans for many.