Now Reading: Maharashtra loan waiver: Rs 5,027 crore released to 6.2 lakh farmers
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Maharashtra loan waiver: Rs 5,027 crore released to 6.2 lakh farmers
The Mahayuti government in Maharashtra has begun disbursing the Punyashlok Ahilyadevi Holkar loan waiver, transferring Rs 5,027 crore to 6.2 lakh farmer accounts via direct benefit transfer on Friday. Chief minister Devendra…
The Story in Brief
The Mahayuti government in Maharashtra has begun disbursing the Punyashlok Ahilyadevi Holkar loan waiver, transferring Rs 5,027 crore to 6.2 lakh farmer accounts via direct benefit transfer on Friday. Chief minister Devendra Fadnavis said the state aims to cover an estimated 54.6 lakh farmers. Of the 18-19 lakh bank accounts initially identified, about 12 lakh were sent back to banks for verification due to errors, delaying the process.
The loan waiver, announced on June 2 as part of the Mahayuti's 2024 assembly election promise, covers short-term crop loans up to Rs 2 lakh taken between April 1, 2019 and March 31, 2025. It has three components: debt waiver, one-time settlement, and incentive benefits for regular loan repayers. The first phase focuses on the waiver, while incentives will follow.
The Indian Opinion
This rollout exposes the gap between election promises and delivery. The government claims 80% of disbursals will go quickly, but 12 lakh of 19 lakh accounts flagged for errors suggests deeper problems in land records and bank data. Farmers who voted for this scheme will watch closely: will the remaining 48.4 lakh farmers see money in their accounts before the next crop season, or will technical hurdles stall the promise? The real test is not the cheque size but the number of clean transfers completed in six months.
Source: timesofindia.indiatimes.com
This story was synthesised by AI from the source linked above.
