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Maharashtra Govt looking to bail out distressed farmers; might offer loan waiver

The Maharashtra government is considering a loan waiver for farmers, but only those in severe debt. Revenue Minister Chandrashekhar Bawankule said surveys will soon be conducted to identify distressed farmers. The Opposition has demanded that the Mahayuti government fulfill its election promise of a wider loan waiver.

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Revenue Minister Chandrashekhar Bawankule indicated that loans of farmers who are financially stable won’t be waived off. File pic

Revenue Minister Chandrashekhar Bawankule indicated that loans of farmers who are financially stable won’t be waived off. File pic

The Maharashtra government might provide relief to farmers in the form of loan waivers, but not to all. The relief will be extended to farmers who are in severe debt and struggling with the crisis.

On Friday, while addressing a gathering in rural Maharashtra, Revenue Minister Chandrashekhar Bawankule revealed that the government is contemplating bailing out distressed farmers. “The government is making efforts to soon conduct surveys of farmers in distress,” Bawankule said.  

The revenue minister further cited a recent statement of Chief Minister Devendra Fadnavis in the Legislative Assembly, wherein the latter is said to have mentioned that a loan waiver should be available for the farmers who are really in distress.

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