Maharashtra Chief Minister Uddhav Thackeray on Saturday announced a waiver of crop loans up to ₹2 lakh pending till September 30.
While the government has not announced the total amount to be waived and the number of farmers to benefit from the package, Finance Minister Jayant Patil said the amount could be more than ₹20,000 crore.
“The farmers who have loans pending loan till September 30, 2019 will benefit under this scheme and loans up to ₹2 lakh will be waived off. Today, I am announcing the Mahatma Jyotirao Phule Farmer Loan Waiver Scheme. This scheme will start in March as the government machinery will require two months for preparations,” Mr. Thackeray said.
He was replying to a discussion initiated by the Opposition on the last day of the winter session of the Assembly.
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