Maharashtra govt sanctions ₹14,240 cr for farm loan waiver

The Maharashtra government on Monday made a ₹14,240-crore allocation for the farm loan waiver scheme and for repayment to farmers whose produce was purchased by the State.

The State’s cooperation and marketing department today issued a Government Resolution (GR) for the allocation of ₹14,240 crore for the Chhatrapati Shivaji Maharaj Shetkari Sanman Yojana, the loan waiver scheme announced on June 24 last year.

At the time of the announcement, the State had claimed that the total outlay of the scheme would be ₹34,020 crore.

The GR means that the state government has prepared itself for disbursement of the amount under the loan waiver scheme. The government had during the last monsoon session made an allocation of ₹20,000 crore and a major portion of it has been disbursed.

The allocation of ₹14,000 crore was sanctioned during the winter session of the state Assembly held in Nagpur last month.