<h1>Government Aids Farmers with Loan Relief Initiatives, No Loan Waivers Planned for Drought Areas.</h1> The Union Government is not considering waiving loans for farmers in drought-prone areas but has implemented several initiatives to alleviate their debt burden. These include an interest subvention scheme offering a reduced interest rate of 7% on short-term crop loans up to Rs. 3 lakh, with additional incentives for prompt repayment. The Reserve Bank of India has issued directives for relief measures, such as loan restructuring, in areas affected by natural calamities. Additionally, the government has increased the limit for collateral-free agriculture loans and implemented schemes like PM-KISAN and PMFBY to provide financial support and insurance to farmers.