Will pay rupees 50,000 to farmers who regularly repay loans under Mahatma Jyotiba Phule’s loan waiver program, Ajit Pawar says

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As part of the Mahatma Jyotiba Phule Debt Waiver Scheme, the Mahavikas Aghadi government is committed to providing financial incentives of 50,000 rupees each to farmers who regularly repay their loans, said Deputy Prime Minister Ajit Pawar, who heads the planning and finance department holds, in the national assembly during question time.

Pawar intervened in response to a question from Shiv Sena’s legislature Prakash Abitkar.

Pawar admitted that delivery of this aid had been delayed due to the financial health impact of the coronavirus pandemic. “The lockdown caused by the coronavirus has reduced government revenues by 1.5 million rupees. However, the farmers who regularly repay their loans will receive support once the financial situation has returned to normal, ”he said.

He also said that it was the only state that paid zero percent interest on crop loans of up to Rs 3 lakh to farmers who repay their loans on time.

After Maha Vikas Aghadi took power, the government announced a loan waiver program that gave farmers with debts of up to Rs 2 lakh a total loan waiver and aid of Rs 50,000 to farmers who regularly repay debts.

Pawar said the government had disbursed Rs 20.290 billion to 31.81 lakh farmers under the loan waiver program.

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Posted on Friday, December 24, 2021 1:20 p.m. IST

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