Maharashtra Cabinet Approves ₹36,585 Crore Farm Loan Waiver for 56 Lakh Farmers Ahead of Monsoon
मुख्य बातें
- •Maharashtra Cabinet, chaired by CM Devendra Fadnavis, approved a farm loan waiver scheme covering loans up to ₹2 lakh on June 2, 2026.
- •The waiver will benefit 56 lakh farmers and cover over 65 lakh loan accounts, with an estimated ₹36,585 crore in loans to be waived.
- •Farmers who repaid loans on time will receive an incentive of up to ₹50,000.
- •The decision was taken ahead of the monsoon season but no formal announcement was made due to the Model Code of Conduct during Legislative Council elections.
- •The scheme fulfills a key promise made by the BJP-led Mahayuti alliance before the 2024 Assembly elections.
Mumbai, June 2, 2026: The Maharashtra Cabinet, led by Chief Minister Devendra Fadnavis, has approved a comprehensive farm loan waiver scheme covering agricultural loans up to ₹2 lakh. The decision, taken during a high-level meeting held on Tuesday, is set to benefit approximately 56 lakh farmers across the state. Officials confirmed that the scheme will encompass over 65 lakh loan accounts, with an estimated loan waiver amount of ₹36,585 crore. The announcement comes as the state prepares for the upcoming monsoon season, which is critical for kharif crop sowing.
