To help Maharashtra farmers, Govt expands the loan waiver for farmers who took loans from 2009
 Source : News Bharati English  Date : 06-Jul-2017

Mumbai, July 6: In a relief to farmers of Maharashtra, the state government decided to expand the coverage of its loan waiver scheme which was announced on 24th June. Earlier the scheme catered to those farmers who had taken loans in 2012 but this new expanded scheme will include even those farmers who had taken loans after 2008.

On Wednesday, Chief Minister Devendra Fadnavis announced in the programme ‘Mi Mukhyamantri Boltoy’ about extending the benefits to farmers indebted since 2009. “The scheme announced earlier left out a large number of farmers who had taken loans before 1 April 2012, and whose accounts had gone into default,” a press release issued by the Chief Minister’s office said.

On 24 June, the government announced a ‘historic’ farm loan waiver of Rs34,022 Crore with a cap of Rs1.5 lakh per farmer. The loan waiver was for those marginal and ‘genuine’ farmers who repaid loans regularly.

Another announcement made was off about the farmers who have debts of more than Rs.1.5 Lakhs, are been allowed to return it in three instalments beyond 30 June 2017 and the government would deposit the last instalment of Rs.1.5 Lakhs in their respective accounts. This is ‘One Time Settlement’ scheme where once the farmers pay their three instalments then the government will repay fourth instalments to the farmers.