Key facts
- Maharashtra Cabinet approved a farm loan waiver scheme.
- The scheme is named 'Punyashlok Ahilyadevi Holkar Shetkari Karja-mukti Yojana'.
- The total value of the scheme is Rs 36,585 crore.
- Farmers can receive loan waivers up to Rs 2 lakh.
- Incentive benefits are included for farmers who have repaid loans.
The Maharashtra Cabinet has given its approval for a significant farm loan waiver scheme, named 'Punyashlok Ahilyadevi Holkar Shetkari Karja-mukti Yojana'. This initiative is set to cost Rs 36,585 crore and aims to provide financial relief to farmers by waiving loans up to Rs 2 lakh per individual. In addition to the waiver, the cabinet also decided to introduce incentive benefits for cultivators who have demonstrated timely repayment of their agricultural loans, encouraging responsible financial behavior among the farming community.