Tamil Nadu Gold Loan Waiver Scheme 2021 | Tamil Nadu CM Announced INR. 6000 crore Gold Loan Waived Off

Tamil Nadu Gold Loan Waiver Scheme

The latest scheme “Tamil Nadu Gold Loan Waiver Scheme 2021” has been launched by the CM of Tamil Nadu. The scheme has been launched two days ago. As per the CM speech Tamil Nadu CM INR. 6000 crore Gold Loan Waived Off for the individuals’ belongings to poor section of society. The details of the scheme have been provided by us (indiaagainstcorruption.org) in this article. You are suggested to read out the details provided on this page.

Tamil Nadu Gold Loan Waiver Scheme

Page Overview

Name of Scheme Assam Orunodoi Scheme
Announced On 13 September 2021
Total Gold Loan Waived Off INR. 6000 crores
Category Government Schemes

Announcement By CM (Tamil Nadu Gold Loan Waiver Scheme)

The Honourable Chief Minister of Tamil Nadu, MK Stalin, announced the Tamil Nadu Gold Loan Waiver Scheme on 13 September 2021 (Monday).  The CM said that the families from low-income backgrounds would not require to pay gold loans of up to five sovereigns. He also stated that this scheme would cost approximately INR. 6,000 crores to the Tamil Nadu State. The Department of Cooperation will provide specific rules for the loan waived off the plan within a few days.

While making a statement in the State Assembly under Rule 110, the CM stated that Minister for Cooperation, Dr. I. Periyasamy, had on August 25 said the House that during the rule AIADMK, crop loans to the tune of INR.2,749.10 crore were distributed to 2,42,783 individuals incorrectly and that numerous wrongdoings were devoted in this regard. Following this, the government had gathered complete details about jewel loans, which had been subjected to severe inspection for the previous month to ensure that the waiver would only be granted to genuine beneficiaries.

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51 categories of critical details about the families who received loan waivers, including the names and addresses of cooperative societies from which the loans were obtained, the date and amount of loan disbursement, the ration card numbers of those who received loan waivers, and other pertinent details, had been scrutinised over the course of a month. According to the findings of the investigation, gold loan waivers will be granted to families who are poor in real and meet specific eligibility requirements,” the Chief Minister stated.

According to the CM, violations of norms while issuing jewel loans were discovered during this investigation. In some cases, waivers will not be granted even though the loans were less than five sovereigns in value. Loans obtained by members of the same family from several cooperative bodies in more than one district, beneficiaries of the crop loan forgiveness programme earlier this year, and several other categories will not qualify. The Chief Minister further stated that some people had taken out loans immediately following the publishing of the election platform just to qualify for loan forgiveness. If cooperative organisations participate in such irregularities, the government will take appropriate action against them.


The officials will soon announce more details of the Tamil Nadu Gold Loan Waiver Scheme 2021. You are requested to stay with our web portal for the latest updates regarding the same. We will cover every detail of the scheme here.

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