Waive crop loans up to Rs 2 lakh on assuming power

The declaration promised a waiver of crop loans up to Rs 2 lakh, to be done at once as soon as the party assumed power. The government implemented a crop loan waiver for loans up to Rs 2 lakh availed between 12 December 2018 and 9 December 2023, and informed the Assembly in March 2025 that the up-to-Rs-2-lakh waiver had been completed, ruling out extension to higher amounts. Substantial delivery occurred, with the government stating roughly Rs 20,616 crore disbursed for about 25 lakh families. However, the delivery diverged from the promise in two ways: it was carried out in phased instalments (beginning July 2024) rather than at once immediately on assuming power, and the completed amount fell below the government's own earlier estimate of about Rs 31,000 crore for around 40 lakh families, with opposition members and some farmers disputing whether all eligible sub-Rs-2-lakh borrowers were covered. Real, large-scale delivery combined with a timing shortfall and contested completeness supports a partial verdict; a disputed verdict is defensible given the conflict between the government's completion claim and critical reporting. Budget: the government reported disbursing about Rs 20,616 crore against an earlier estimate of about Rs 31,000 crore, indicating allocation with utilisation below the initial projection.