Monday 26th of June 2017

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Only needy farmers to benefit from state loan waiver: Devendra Fadnavis

Mumbai,Jun 19:-- Maharahstra Chief Minister Devendra Fadnavis has said that only needy farmers will benefit from the State loan waiver scheme. Stating this Mr. Fadnavis said that the State government with the help of a digital platform will ensure that only needy farmers benefit from its loan waiver scheme.

 

He said that his government had formed a joint committee which would work out within a week conditions to ensure who should benefit from the waiver. He suggested that farmers who were financially better off and professionals and government employees also into farming will be left out of the scheme.

 

 

 

Mr. Fadnavis observed the waiver -- announced on June 11 after a widespread farmers' agitation -- would further stress the debt-ridden state. He said his government would be require to raise 25,000 crore rupees or more for this purpose.

 

Mr. Fadnavis said implementing the relief measure would "take some time" and added the government might create "some financing instrument" to tackle the situation after the waiver.

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