India, Aug. 3 -- Although around 40% of 1.69 million farmers in the first list of beneficiaries of the government's farm loan waiver are yet to complete their e-KYC process, the government will begin disbursing the waiver money to over 930,000 eligible farmers from Tuesday. Around 94,083 farmers have been found ineligible as they are income-tax payers.

The waiver of over Rs.41,268 crore for 5.45 million farmers was announced last month. Of these, 2.8 million farmers have outstanding crop loans of up to Rs.2 lakh and are eligible for a full waiver. Another 2,90,000 farmers have outstanding loans exceeding Rs.2 lakh and will be eligible for a one-time settlement (OTS) after repaying the balance amount. Additionally, 2.36 million farmers wh...