Business · India Bureau
Maharashtra releases Rs 3,161 crore in third phase of farmer loan waiver
Maharashtra Chief Minister Devendra Fadnavis has transferred Rs 3,161 crore to over 3.27 lakh farmers under the third installment of the state's agricultural debt relief programme. The disbursement marks another significant step in the government's ongoing effort to provide financial assistance to the farming community.
LSN India ·
The Maharashtra government has credited Rs 3,161 crore directly to the bank accounts of 3.27 lakh farmers as part of the third phase of its loan waiver scheme, Chief Minister Devendra Fadnavis announced. The transfer represents a substantial commitment to alleviating the financial burden faced by the state's agricultural sector.
The loan waiver initiative, which has become a flagship programme of the state government, targets farmers struggling with outstanding agricultural debts. The phased approach to disbursement has allowed the administration to process large numbers of beneficiaries while managing the fiscal implications of the relief measure.
Farmers across Maharashtra have been eligible for assistance under the scheme, which seeks to provide relief from loans taken for agricultural purposes. The third phase disbursement brings the cumulative benefit to a growing number of farmers who have applied and qualified under the programme's criteria.
The state government has prioritised timely fund transfers to ensure that assistance reaches eligible farmers without unnecessary delays. Officials indicated that the phased rollout of the scheme would continue, with further tranches planned to cover additional beneficiaries across the state's agricultural regions.