Maharashtra CM announces bank loan waiver up to ₹2 lakh for farmers

Maharashtra Chief Minister Uddhav Thackeray. File

Maharashtra Main Minister Uddhav Thackeray. File
  | Image Credit history:
Vivek Bendre

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The plan will be referred to as Mahatma Jyotirao Phule loan waiver scheme

The Maharashtra govt on December 21 announced a financial loan waiver of upto ₹2 lakh for farmers, with a minimize off date of September thirty, 2019.

Main Minister Uddhav Thackeray designed the announcement in the Legislative Assembly in Nagpur on the last working day of the winter season session of the legislature.

“Crop loans exceptional until September 30, 2019, will be waived by my govt. The higher ceiling for the amount of money is ₹2 lakh. The plan will be known as Mahatma Jyotirao Phule financial loan waiver plan,” Mr. Thackeray mentioned.

Moreover, a specific scheme would be provided for the farmers who repay their loans on time, he mentioned.

Mr. Thackeray heads a coalition govt of the Shiv Sena, the NCP and the Congress.

Finance Minister Jayant patil stated the waiver would be unconditional, and details would be communicated by the Chief Minister’s business office in due program.

Chief of Opposition Devendra Fadnavis alleged that the government had not fulfilled its unique guarantee of total mortgage waiver.

He also said the Sena-led authorities unsuccessful to give help of ₹25,000 for each hectare to farmers who experienced losses due to unseasonal rain, a demand which Mr. Thackeray himself experienced manufactured before ahead of he turned CM.

Mr. Fadnavis and other BJP MLAs then staged a stroll out in protest.

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