The cost of a Maharashtra farm loan waiver

Maharashtra govt announced a revised farm loan waiver package amounting to Rs 34,022 cr

Over the weekend, the Maharashtra government announced a revised loan waiver package for farmers. A look at the fine print 

* It claims to provide benefit to 8.9 million farmers

* It entails relief (read burden on state finances) worth Rs 34,022 crore

* Overdues up to Rs 1.5 lakh as of June 30, 2016, are to be waived off

* One-time settlement scheme for dues above Rs 1.5 lakh