There is relief news for lakhs of farmers of Maharashtra. The loan waiver scheme which was awaited for a long time has finally got the approval of the Cabinet. Under this decision, agricultural loans up to Rs 2 lakh of eligible farmers will be waived. This step of the government is expected to provide great relief to lakhs of families involved in farming.
Official announcement will be made after the election code of conduct
According to the information, the cabinet has given green signal to the loan waiver proposal. However, at present due to the implementation of the code of conduct for assembly by-elections, it will not be officially announced. After the completion of the election process, the government will formally announce the scheme and detailed information about its terms and conditions will be released.
56 lakh farmers will get benefit
According to sources, about 56 lakh farmers of the state can get the benefit of this scheme. Outstanding crop loans of up to Rs 2 lakh of eligible farmers will be waived off. The government believes that this will reduce the burden of increasing debt on farmers and they will be able to prepare for the new crop in a better way.
Those who repay loan on time will also get reward
The government will not only provide loan waiver but will also encourage those farmers who have repaid their loans on time. There is a proposal to give incentive amount of up to Rs 50,000 to such farmers. Farmers making regular payments will also benefit from this.
What are the main conditions of the scheme?
The outstanding crop loan till 30 September 2025 will come under the scope of the scheme.
Loans up to Rs 2 lakh of eligible farmers will be waived off.
Farmers who repay loans regularly will get incentive grant of up to Rs 50,000.
The implementation of the scheme may put an additional burden of about Rs 25,000 crore on the state government’s treasury.
There was a demand for loan waiver for a long time
Last year, farmers had to suffer huge losses due to hailstorm and bad weather. After this, many farmer organizations and leaders held agitations and demonstrations demanding loan waiver. The government had assured to provide relief to the farmers before June 30, 2026. Now with the approval of the Cabinet, a big step has been taken in that direction.
wave of happiness among farmers
There is an atmosphere of happiness among the farmers after getting the approval for loan waiver before the monsoon. Now everyone’s eyes are fixed on the official announcement of the government and the detailed guidelines of the scheme. Farmers hope that this decision will strengthen their financial condition and will help in making a new beginning in farming.
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