Balasaheb Nivrutti Raner (32), resident of Babhulgaon in Pathri tehsil of Parbhani district, hanged himself at his house on the afternoon of October 23, local police said.
Raner was distressed as he hadn't repaid a bank loan, and crops had failed for three years in a row.
He was alone at home when he committed suicide. His parents and two brothers were in the fields.
Raner had a post-graduate degree in the arts stream and also completed Bachelor of Education (B.Ed.) course, but could not find a suitable job, a police official said.
"Before committing suicide Raner had spoken to his mother about his frustration. He had also stopped eating his meals," said police sub-inspector Awez Kazi, the investigating officer.
"During the preliminary investigation we found that he ended his life due to his inability to repay the bank loan and frustration over repeated crop failure," Kazi said.
The police would write to the local tehsil office to find out if he was on the list of beneficiaries of the state government's loan waiver scheme, the officer said.
Pawar owed Rs 45,000 to a bank and was apparently depressed as he could not repay the amount. Nanded Rural Police are probing the case.
Implementation of the Maharashtra government's loan waiver scheme has begun since October 18.
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