Maharashtra: Farmers whose crop loan exceeds Rs 2 lakh ineligible for waiver

  • Farmers whose crop loan is more than Rs two lakh, will not be eligible for the loan waiver scheme announced by the Uddhav Thackeray-led ‘Maha Vikas Aghadi’government in Maharashtra last week.
  • As per the Mahatma Jyotirao Phule Farmer Loan Waiver Scheme, loan up to Rs two lakh taken between April 1, 2015 and March 31, 2019 and which has not been repaid till September 30, 2019 will be eligible for waiver.
  • A committee of the Finance and Co-operation Department will take a decision on whether to include the (non performing assets) accounts of farmers in nationalized, private and rural banks in the loan waiver scheme.
  • Those who pay tax on the income incurred from non agriculture sector, pensioners whose monthly income is more than Rs 25,000, excluding former servicemen, will also not get the benefit.
  • Individual farmers will be considered for the loan waiver, adding that loan taken from nationalized, district, co-operative banks and co-operative societies will be considered.
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