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Devendra Fadnavis announces farm loan waiver worth Rs34,000 crore

LiveMint logoLiveMint 24-06-2017 PTI

Mumbai: The Bharatiya Janata Party (BJP)-led Maharashtra government on Saturday announced a major farm loan waiver scheme that will see debt of up to Rs1.5 lakh per farmer being written off.

The scheme, announced by chief minister Devendra Fadnavis at a press meet in Mumbai, involves Rs34,000 crore of relief. 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.

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