The Rajasthan State Farmers Debt Relief Commission Act, 2023
The Rajasthan State Farmers Debt Relief Commission Act, 2023
This Act establishes the Rajasthan State Farmers Debt Relief Commission to provide protection and financial stability for agricultural borrowers across the state. It specifically targets distress-affected farmers and agricultural laborers burdened by overdue obligations, ensuring they are not exploited by high interest rates or unfair repayment terms. By defining what constitutes appropriate debt levels and fair interest rates, the law aims to prevent agricultural distress and safeguard the livelihoods of the farming community. The measure is crucial for protecting the economic interests of Rajasthan’s rural population against crippling financial situations.
- 1. Short title, extent and commencement.
- 2. Definitions.
- 3. Constitution of the Commission.
- 4. Term of the Commission and conditions of service of members.
- 5. Powers and functions of the Commission.
- 6. To declare an area or crop as distress affected area or distress affected crop.
- 7. Application for debt relief.
- 8. Sittings of the Commission.
- 9. Special provisions in respect of settlement of certain loans taken by farmer.
- 10. Rescheduling of loans taken by a farmer from financial institutions.
- 11. Bar of suits, applications and other proceedings.
- 12. Payment of debt in instalments.
- 13. The debt shall be deemed as fully repaid.
- 14. Annual report to be laid before the House of the State Legislature.
- 15. Accounts and Audit.
- 16. Overriding effect of Act.
- 17. Bar of jurisdiction of civil court.
- 18. Members of the Commission shall be public servants.
- 19. Protection of action taken in good faith.
- 20. Power to remove difficulties.
- 21. Power to make rules.
PDF: pending for this language.