Maharashtra debt waiver 2026: 55.72 lakh farmers for Rs 36,585 crore new scheme ‘Punyaslok Ahilyadevi Holkar’ approved
Mumbai: Maharashtra cabinet has announced a major relief for state farmers on Tuesday, 2 June 2026. Meeting chaired by Chief Minister Devendra Fadnavis ‘Punyasshlok Ahilyadevi Holkar Chetakri Karzwadhi Yojana’ (PAHSKY) The sanctioned under which the debt of about 56 lakh farmers will be waived.
The main objective of the scheme is to free those farmers of the state from the burden of debt that are facing financial crises due to natural calamities like Bemosum rain and drought.
Key Features and Financial Benefits of the Scheme
- Amount of debt waiver: Farmers eligible under this scheme Rs. 2 lakh The outstanding crop loan will be waived up.
- Incentives for regular debt repayers: Farmers who have repaid their debts on time behalf of the Government Rs. 50,000 The incentive amount will be given.
- Total Budget: State Government Total on this loan relief package Rs. 36,585 crore will cost.
- Cut-off Date of Eligibility: This discount will apply to those crop loans taken between 1st April 2019 to 31st March 2025, which 30 September 2025 Up to date.
Who will get the benefits? (Transaction Norms)
- Residence: The applicant should be permanent resident of Maharashtra.
- Land range: For this scheme No Limit of Landholding The small and large farmers will be able to avail this.
- Outstanding Loans: Loan outstanding upto 30th September 2025 and loan repaid till 31st March 2026 shall be eligible for this scheme.
- Last beneficiary: The farmers who took advantage of the previous ‘Mahatma Jyotirava Fulle Karz Mafi Yojana’ and who still outstanding up to Rs 50,000 will also be eligible for this scheme.
Who is excluded from the scheme?
The government has excluded certain categories from the scheme:
- Officers of Government Employees and Semi-Government Institutions.
- Present and Pre-elected Representative (Legislative, MP etc.).
- Individuals filling Income Tax.
- Those employees of cooperatives whose salary exceeds Rs 25,000 per month.
- Those retired persons whose pension exceeds Rs 25,000.
How will the loan waiver process?
Government to ensure transparency in the implementation of the Scheme ‘Agri Stack’ (Agri Stack) The digital system called will use. Benefit directly in the bank accounts of farmers DBT (Direct Benefit Transfer) Deposits will be made through.
- Digital Verification: Beneficiaries will be automatically identified through the base-based certification.
- Publication of List: List of eligible farmers will be displayed in Gram Panchayat offices and local banks.
- KYC(KYC): After the list has been debited, the farmers have to go to the ‘Foreign Government’ service centre and make biometric authentication.
Documents Required
Farmers are advised to maintain the following documents:
- Aadhaar Card (It is mandatory to link to the bank account).
- 7/12 and 8-A (for verification of land records).
- Bank Passbook Photocopy of.
- Loan Identification Number (Loan ID).
Current Status and Election Code
Though the cabinet has approved the scheme, the Legislative Council of Elections Model Code of Conduct The formal alan and propaganda is avoided at the moment due to the application. Chief Minister Fadnavis said that the implementation of the Scheme will be started as soon as the Election Commission is allowed or the Ethics Code will be terminated. The Government aims to deposit the amount in the accounts of the farmers by 20 June before the Kharif season begins so that they can avail new loans.
Caution: Farmers are advised not to share their banking information on any unauthorized call or SMS and rely only on official government portals.
