Maharashtra govt announces mega farm loan waiver scheme
The BJP-led Maharashtra government today announced a major farm loan waiver scheme that will see debt of up to Rs 1.5 lakh per farmer being written off.
The scheme, announced by Chief Minister Devendra Fadnavis at a press meet here, involves Rs 34,000 crore of relief.
Fadnavis further added that he was aware that the burden will fall on the governement and would cut expenses. All ministers & MLAs will give a month's salary to support loan waiver, ANI reported.
Named after Maratha warrior king Shivaji Maharaj, the programme will benefit 89 lakh farmers and make 40 lakh agriculturists debt-free, Fadnavis said.
Farmers in many parts of Maharashtra were on a warpath early this month, which disrupted supply of vegetables and other essentials to cities, including Mumbai.
They were demanding a loan waiver, which was backed by all political parties. The stir was called off after the government gave them a firm assurance on brining in a comprehensive scheme to help the debt-pressed cultivators.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.