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TOG NEWS

Maha govt to set new rules for farmers loan waiver scheme
By TOG News Service
Jul 13, 2017

TOG News Service, New Delhi, July 13, 2017: Chief Minister (CM) Mr. Devendra Fadnavis had last month announced the 'historic' loan waiver of Rs 34,022 crore for farmers and subsequently laid down the eligibility criteria for availing it. Keeping this in mind, the Maharashtra government is now planning to come up with a fresh set of guidelines for an effective implementation of the loan waiver scheme for farmers.

Mr. Devendra said that 'the guidelines will be about the basic definition of who would be the beneficiaries, calculating the outstanding amount, how to implement it and bringing various banks on the same platform for an effective implementation of the loan waiver'. He also mentioned that the previous loan waiver scheme, introduced around nine years back, had flaws and the Comptroller and Auditor General (CAG) had given a critical report on it. The CAG had later been critical of the loan waiver scheme which also put the reputation of banks and government officials at stake.

Earlier, the state's loan waiver scheme, titled Chhatrapati Shivaji Maharaj Sanman Yojana, covered only those farmers who have the outstanding debts between April 1, 2012 and June 30, 2016. To which CM had also extended the date to repay overdue of loans taken by farmers in the year 2016-2017 and who are regular payees, from June 30, 2017 to July 31, 2017.

There are 1.34 crore farmers in Maharashtra, as per the data of state agriculture department.