Government to Implement Farmers’ Loan Waiver by June 30, 2026, Committee Formed for Execution

Maharashtra CM Devendra Fadnavis announces a farmers’ loan waiver by June 30, 2026. A nine-member committee led by Praveen Paradeshi will finalize details within six months.

Mumbai, October 31, 2025 –The Maharashtra government has announced a major relief measure for farmers struggling with debt. Chief Minister Devendra Fadnavis confirmed that a loan waiver scheme will be implemented by June 30, 2026, to help farmers overcome financial distress. To prepare the plan, the state has formed a nine-member high-level committee chaired by Chief Economic Adviser Praveen Paradeshi.

The committee has been tasked with studying existing models of loan waivers and submitting recommendations within six months. It includes senior officials from the Finance, Revenue, Agriculture, and Cooperation departments, along with representatives from the Maharashtra State Cooperative Bank and the Bank of Maharashtra. Their role will be to decide eligibility criteria, financial implications, and a transparent process for execution.

This move comes after months of pressure from farmer organizations and independent leaders like Bacchu Kadu, who have been urging the government to provide immediate financial relief. Many farmers in Vidarbha, Marathwada, and Western Maharashtra are trapped in debt due to low crop yields and unstable market prices. The state’s latest decision aims to ease this burden and prevent further distress in rural areas.

Government sources said the loan waiver will be implemented in a phased manner after proper verification through digital platforms to ensure that only eligible beneficiaries receive aid. The administration has also emphasized its commitment to bringing long-term reforms in irrigation, insurance, and agricultural marketing to strengthen the farming sector beyond short-term relief.

The announcement has brought cautious optimism among farmers, though many are waiting for clarity on the exact conditions and the amount of debt that will be waived. Economists have described the move as an attempt to balance fiscal responsibility with social welfare.

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