Maharashtra Chief Minister Devendra Fadnavis on Monday announced that the amount of loan waiver, under Chhatrapati Shivaji Maharaj Shetkari Sanman Yojana, will be deposited directly in farmer's bank account.
The disbursement process of Chhatrapati Shivaji Maharaj Shetkari Sanman Yojana's benefits will start from October 18, he added.
Earlier, the Chief Minister had said that the loan waiver scheme will benefit around 89 lakh farmers in the state and will make around 40 lakh debt-free. The decision was ratified by the Cabinet.
The scheme aims to benefit debt-ridden farmers and small and marginal ones entirely.
However, those who have an income of more than 10 lakhs per annum will not be benefited in this loan waiving scheme.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app