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Maharashtra govt unveils Rs 34,000 cr loan waiver

It named after Maratha warrior king Shivaji Maharaj

Press Trust of India  |  Mumbai 

Maharashtra govt unveils Rs 34,000 cr loan waiver, 89 lakh farmers to benefit

The Bharatiya Janata Party (BJP)-led on Saturday announced a major farm loan waiver scheme that will see debt of up to Rs 1.5 lakh per farmer being written off.

The scheme, announced by Chief Minister Devendra Fadnavis at a press meet in Mumbai, involves Rs 34,000 crore of relief.

Named after Maratha warrior king Shivaji Maharaj, the programme will benefit 8.9 million farmers and make 4 million agriculturists debt-free, Fadnavis said.

Farmers in many parts of were on a warpath early this month, which disrupted supply of vegetables and other essentials to cities, including Mumbai.

They were demanding a loan waiver, which was backed by all political parties. The stir was called off after the gave them a firm assurance on bringing in a comprehensive scheme to help the debt-pressed cultivators.

First Published: Sat, June 24 2017. 21:52 IST