Comments
The Maharashtra government on Monday made a ₹14,240-crore allocation for the farm loan waiver scheme and for repayment to farmers whose produce was purchased by the State.
The State’s cooperation and marketing department today issued a Government Resolution (GR) for the allocation of ₹14,240 crore for the Chhatrapati Shivaji Maharaj Shetkari Sanman Yojana, the loan waiver scheme announced on June 24 last year.
At the time of the announcement, the State had claimed that the total outlay of the scheme would be ₹34,020 crore.
“The GR means that the state government has prepared itself for disbursement of the amount under the loan waiver scheme. The government had during the last monsoon session made an allocation of ₹20,000 crore and a major portion of it has been disbursed,” a senior official of the cooperation department said. Union Finance Minister Arun Jaitley had last year said that the Centre would not be part of a State’s fiscal leverage in waiving farm loans and the cost has to be borne by the States. The allocation of ₹14,000 crore was sanctioned during the winter session of the state Assembly held in Nagpur last month.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.