Chief Minister Devendra Fadnavis clarified details about the Punyashlok Ahilyabai Holkar Farmer Loan Waiver Scheme in the Maharashtra Budget. He emphasized that the scheme aims to provide direct relief to farmers, extending to all eligible crop loans, not just those from nationalized banks. Fadnavis dismissed rumors of exclusion of District Central Co-operative banks and credit societies, labeling them as misinformation.
The loan waiver, applicable to crop loans up to Rs 2 lakh from any authorized bank, benefits farmers with overdue loans as of September 30, 2025. Additionally, farmers with a good repayment track record stand to receive an incentive grant of Rs 50,000. Fadnavis refuted opposition criticism, assuring that the waiver process will be completed by June 30, 2026, with a focus on ensuring farmers’ benefits.
Fadnavis also highlighted the Wainganga–Nalganga River Linking Project as a significant initiative in the budget, aimed at transforming Vidarbha’s agricultural landscape. Addressing concerns over gas shortages due to the Iran–US–Israel conflict, he assured proactive measures by the Central government to maintain domestic gas supplies. Fadnavis urged media restraint to prevent panic, emphasizing the government’s readiness to address any potential crisis.
