Initially the government had announced Rs 377 crore for the purpose but that has been cut down to Rs 46.66 crore, Maharashtra Pradesh Congress Committee spokesperson Sachin Sawant said citing an RTI reply.
"Chief Minister Devendra Fadnavis had announced, on the floor of the House, that around 50 per cent farmers commit suicide as they cannot repay loans taken from private moneylenders. He had announced Rs 377 crore for the purpose," Sawant said.
"Initial estimate said the money would be required to be paid to 4,899 money lenders, which would free 5,84,556 people from debt. However, the state administration later developed cold feet and cut down the numbers after coming to conclusion only Rs 46.66 cr are required to repay," he said.
Sawant said that out of Rs 46.66 cr, the government has so far disbursed only Rs 19.55 crore to private money lenders.
"The government has only decided to pay 12.5 per cent of Rs 377 crore that the CM promised, which shows that they are not trustworthy," he said.
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
