Maharashtra loan waive excludes those farmers having annual income of more than Rs 10 Lakh
 Source : News Bharati English  Date : 29-Jun-2017

Mumbai, June 29: Meanwhile when Chief Minister Devendra Fadnavis promised to fulfill the demands by waiving loans only for those marginal and ‘genuine’ farmers who repaid loans regularly. The Maharashtra government issued the 'Government Resolution' (GR) for the farm loan waiver of Rs 34,022 Crore announced by the Chief Minister Devendra Fadnavis last week. 

Persons having annual turnover of more than Rs 10 lakh and those who are registered under VAT or Service Tax would be ineligible for loan waiver, the GR said. Similarly, retired persons excluding ex-servicemen whose monthly pension is Rs 15,000 or more are also not eligible. The serving and former public representatives are also excluded, the GR stated. 

The farmers who have paid off their outstanding loans after June 30, 2016, would get a blanket help of Rs 25,000 from the state government. Earlier the CM had announced the loan waiver of Rs.34,000 for the farmers which would have benefitted around more than 89 lakh farmers. Also CM had urged employees of government to help farmers by contributing them through salary. 

Farmers in Maharashtra launched an unprecedented stir on June 1 which has affected the supply of milk and vegetables in major urban Centres including Mumbai. While refraining from selling their agricultural produce in many parts of the state, the cultivators took to the streets to disrupt the movement of vehicles carrying farm produce to cities.