Maharashtra Announces Loan Waiver Scheme for 3 Lakh Amravati Farmers Maharashtra has launched the Punyashlok Ahilyadevi Holkar Shetkari Karj Mukti Yojana 2026, a debt relief initiative aimed at providing financial assistance to farmers in the Amravati district. Under this scheme, data for approximately 3 lakh farmers has been collected, with around 2,02,167 eligible for loan waivers. The total estimated loan waiver amount is around 2,338 crore rupees, with individual farmers receiving relief up to 2 lakh rupees. Additionally, 93,139 farmers who have consistently repaid their loans will be rewarded with an incentive of up to 50,000 rupees each, totaling approximately 524 crore rupees. The scheme is designed to alleviate financial burdens on farmers while promoting credit discipline. Officials emphasized that the entire implementation process will be conducted online, ensuring transparency and efficiency. Aadhaar authentication will be mandatory for all eligible farmers to verify their identities. Banks have been instructed to upload the data on a designated portal to expedite the transfer of funds directly into beneficiaries’ accounts. The District Central Co-operative Bank has the highest number of eligible accounts, with 71,655 farmers holding loans totaling 700 crore rupees. Other major contributors include the State Bank of India (41,135 accounts, 513 crore rupees), Bank of Maharashtra (29,980 accounts, 488 crore rupees), and Central Bank of India (29,010 accounts, 298 crore rupees). Smaller banks such as Bank of Baroda, Bank of India, and Punjab National Bank also have significant shares of the loan waiver pool. The incentive program for timely loan repayment is structured to reward farmers who have maintained good credit histories.#maharashtra #state_bank_of_india #amravati #district_central_cooperative_bank
