Maharashtra approves loan waiver, to benefit 56 lakh farmers - What are the conditions for loan waiver?

The Maharashtra government has provided relief to farmers by approving the waiver of agricultural loans up to Rs 2 lakh. The cabinet meeting, chaired by Chief Minister Devendra Fadnavis, approved the 'Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana.' The state government will spend approximately Rs 36,585 crore on this scheme, and approximately 5.6 million farmers are expected to benefit. The government says that more than 6.5 million loan accounts will be covered under this scheme. In addition, special incentives will be provided to farmers who repay their loans on time.