₹36,585 crore farm loan waiver to benefit 56 lakh farmers in Maharashtra
The Maharashtra cabinet has approved a significant farm loan waiver scheme aimed at assisting 56 lakh farmers. This initiative, named ‘Punyashlok Ahilyadevi Holkar Shetkari Karjamukti Yojana’, will waive loans up to ₹2 lakh, totaling ₹36,585 crores. The scheme includes various components such as complete loan waivers and incentives for timely repayments, while certain groups are excluded from eligibility.
- ▪The loan waiver scheme will benefit approximately 56 lakh farmers in Maharashtra.
- ▪Farmers with loans up to ₹2 lakh will receive a complete loan waiver under the scheme.
- ▪A high-level committee will oversee the implementation and monitor the scheme's progress.
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| Publication time | Wed, 03 Jun 2026 09:07:51 +0530 |
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Maharashtra cabinet on Tuesday (June 2, 2026) approved a farm loan waiver scheme- ‘Punyashlok Ahilyadevi Holkar Shetkari Karjamukti Yojana’, covering agricultural loans of up to ₹2 lakh. The scheme will benefit around 56 lakh farmers, waiving ₹36,585 crores of loans. Before the Cabinet meeting on Tuesday (June 2, 2026), Maharashtra Chief Minister Devendra Fadnavis told reporters that the scheme would be finalised in the Cabinet, but that an official announcement cannot be made due to the model code of conduct.The scheme includes three components- loan waiver, one-time settlement, and incentive benefits.
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