Vidhi Codex

The Kerala Farmers' Debt Relief Commission Act 2006

The Kerala Farmers' Debt Relief Commission Act 2006

Finance200622 sections

This Act establishes a special commission to help farmers struggling with overwhelming debt. It applies to farm owners and agricultural workers facing financial distress, aiming to prevent the crisis from devastating families. The government created this body to legally review their debts, negotiate better repayment terms with lenders, and issue official awards to settle accounts. By doing this, it provides direct relief and stabilizes the agricultural sector by resolving long-standing debts arising from agrarian challenges.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title and commencement.
  3. 2. Definitions.
  4. 3. Constitution of the Commission.
  5. 4. Term of the Commission and conditions of service of the members.
  6. 5. Powers and Functions of the Commission.
  7. 6. To declare as distress affected area or distress affected crop.
  8. 7. Application for debt relief.
  9. 8. Sittings of the Commission.
  10. 9. Special provisions in respect of settlement of certain loans taken by farmer.
  11. 10. Re-scheduling of loans taken by a farmer from financial institutions.(1) Notwithstanding anything contained in this Act or in any other law or contract or decree or order of any Court or Tribunal, the Commission may reschedule the recovery of loans availed by a farmer described in clause (b) of sub-section (1) of section 5 on or before the date of declaration as a distress affected area, distress affected crop under section 6 or a distress affected farmer from any financial institution notified by the Government for this purpose.
  12. 11. Bar of suits, applications and other proceedings.
  13. 12. Payment of debt in instalments.
  14. 13. The debt shall be deemed as fully repaid.
  15. 14. Annual Report to be laid before the Legislative Assembly.
  16. 15. Accounts and Audit.
  17. 16. Overriding effect of Act.
  18. 17. Bar of jurisdiction of Civil Court.
  19. 18. Members of the Commission shall be public servants.
  20. 19. Protection of action taken in good faith.
  21. 20. Power to remove difficulties.
  22. 21. Power to make rules.

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