Santosh Shelke, 42, killed himself by jumping into the well near his farm in Mharal Budruk village in Sinnar taluka Sunday, a local police official said.
He said Shelke had a loan outstanding of Rs 75000 against a local society.
Police have registered a case of accidental death, the official added.
In another incident, a 60-year-old farmer, identified as Bajirao Bhamre, consumed poison on Saturday, the official said, adding that he died later in hospital.
Bhamre was a resident of Nardane village.
The official said Bhamre had a loan outstanding of Rs 1.5 lakh.
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