Maharashtra rolls out farm loan waiver scheme
Maharashtra begins implementation of the Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana, a farm loan waiver programme
- The Maharashtra government released a beneficiary list for the farm loan waiver programme and said it will credit the waiver amount directly into eligible loan accounts after Aadhaar authentication.
- District central cooperative banks are the first implementation channel identified by the Maharashtra government for the farm loan waiver process.
Maharashtra has started implementing the Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana, a farm loan waiver programme meant for eligible farmers. The state government has released a list of 500 beneficiaries from six districts, and the amount will be credited directly to their loan accounts after Aadhaar authentication.
The scheme was approved by the Maharashtra Cabinet on June 2 and later revised through another government resolution on July 15. The government has said that eligible farmers will receive SMS alerts for Aadhaar authentication, and that the process for beneficiaries whose loans are with district central cooperative banks is intended to be completed by July 31.
Background and earlier position
UPSC can frame Maharashtra’s farm loan waiver in terms of the design of agricultural support, the role of district central cooperative banks in rural credit, beneficiary targeting, and the fiscal and moral-hazard concerns associated with loan waivers.
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