Maharashtra announces Rs 34000 crore farm loan waiver

Maharashtra announces Rs 34000 crore farm loan waiver

The C Times, 24 June 2017, Agartala: All of you probably know that in Maharashtra many farmers are attempting suicides and leave farming due to the insufficient amount and mainly for credit which they had taken for farming. But now there is very good news for all the farmers that Maharashtra announces Rs 34000 crore farm loan waiver. From the news of PTI, we have to get the following information about sanctioning this loan for all the farmers.

In the State cabinet meeting, Mr Devendra Fadnavis has announced on 24-06-2017, Saturday that Rs 34000 crore farm loans have been finalised for farm loan waiver package. In a press conference, Mr Fadnavis also announced that “We are waiving loans of up to Rs 1.5 lakhs completely. And those farmers, who have paid back their loans regularly, will give 25 per cent loan return benefit to them.”

He also promised to all the Farmers that the entire state ministers and Members of Legislative Assembly will give their one-month personal salary to support the farm loan waiver. He also added a statement that “We are aware that the burden will fall on us. We will cut our expenses. All the ministers and MLAs will give their one month salary to support the farm loan waiver.”

For returning the farmer’s loan they can get some special package through which they can able refund their dues regularly. This is very happy news for all the farmers that Patil said after meeting with Thakrey in his residence “The package was approved by chief minister Devendra Fadnavis during our meeting on Saturday morning. We have apprised Shiv Sena chief Uddhav Thackeray and key opposition leaders about it. The final decision will be taken by the state cabinet on Tuesday.”

Even at least thirty-one lakh farmers who having overdue loans and the other thirty-five lakh farmers who have not defaulted on their loans but have some pending loans in the current stage, will be eligible for a waiver of up to Rs 1 lakh for farm loan also.

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