Maharashtra govt announces loan waiver for farmers

The Maharashtra government announced a loan waiver for farmers and decided to form a committee to decide the criteria of debt relief, after which cultivators called off their protests.

Chief Minister Devendra Fadnavis in his tweeter messages on Sunday said that the state government had agreed to the loan waiver for farmers, adding that conditions and details will be finalised by a joint committee. 

Fadnavis informed that discussions between the government of Maharashtra and



representatives of farmers have reached a consensus and farmers have called off the strike. 

He also informed that the government has also accepted the demand of farmers to increase the milk prices. He said that the milk societies will have to agree with 70:30 formula of profit sharing on the lines of sugar industry.Maharashtra is first state to offer loan waiver to farmers. The move is expected to benefit 1.07 crore farmers in the state, who have land holdings of less than five acres.