Mumbai, 02 May

(HS): Around 56 lakh farmers will benefit from the loan waiver announced by

Chief Minister Devendra Fadnavis during the budget session. The proposal of

loan waiver up to Rs 2 lakh was cleared by the Cabinet during its meeting on

Tuesday.

The loan waiver

will come into force after the ensuing legislative Council elections.

Fadnavis had

announced that loans up to Rs 2 lakh pending up to 30th September

2025 will be waived. Following death of Deputy Chief Minister Ajit Pawar, who

was also the Finance Minister, the budget was presented by Fadnavis himself. He

is still holding the Finance Ministry. The loan waiver will be called

Punyashlok Ahilyadevi Holkar Shetkari Karjamafi Yojana. Those who have repaid

the loans regularly will be given ex-gratia encouragement money up to Rs

50,000. The loan waiver will affect the government treasury by about Rs 25,000

crore. The loans amount waived is about Rs 36.585 crores.

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Hindusthan Samachar / Ajay Vasant Mardikar