You are here: Home » Economy & Policy » News
Business Standard

Maharashtra loan waiver: Money to be deposited in farmers' accounts today

Loan waiver: money to be deposited in accounts from tomorrow

Press Trust of India  |  Mumbai 

Maharashtra loan waiver: Money to be deposited in farmers' accounts today

The amounts will be deposited in farmers' from tomorrow, Maharashtra cooperation minister told PTI today.

"The Diwali holidays delayed transfer of amount into farmers' From Monday farmers will see the money deposited in their accounts," Deshmukh said.


The government has asked the to settle farmers' loan dues from the deposited amounts and initiate the procedure to issue them loan-clear certificates, a senior official of the cooperation department said.

Farmers can then avail of fresh for the next crop, the official said.

The BJP-led Maharashtra government had said while announcing the farm scheme in June that of the 89 lakh farmers whom it will benefit, some 44 lakh owe less than Rs 1.50 lakh each to the

The ceiling for has been raised from the initial Rs 1 lakh to Rs 1.50 lakh.

"It is a Rs 34,000-crore package and we are trying to reach its benefit to as many farmers as possible," minister Deshmukh said.

Online registration and verification for has filtered out many non-eligible cases, he said.

First Published: Mon, October 23 2017. 08:40 IST
RECOMMENDED FOR YOU