The Maharashtra Government has announced a Farm Loan Waiver Scheme (Punyashlok Ahilyadevi Holkar Shetkari Karjamafi Yojana) for farmers of the state. Under this Farm Loan Waiver Scheme, the eligible farmers will get an agriculture loan waiver of up to ₹2 lakh on their crop loans. Chief Minister Devendra Fadnavis announced this while presenting the 2026–27 Maharashtra Budget to the state assembly.
The scheme will benefit lakhs of farmers across Maharashtra. This initiative helps farmers struggling to repay their crop loans. The government is also offering rewards to farmers who pay back their loans on time. Schem supports the farming industry and improves the financial lives of farmers in the state.
Key Highlights of Maharashtra Farm Loan Waiver Scheme
| Particulars | Details |
| Scheme Name | Punyashlok Ahilyadevi Holkar Shetkari Karjamafi Yojana |
| Announced By | Maharashtra Government |
| Announced By | Chief Minister Devendra Fadnavis |
| Announcement | Maharashtra Budget 2026–27 |
| Loan Waiver Amount | Up to ₹2,00,000 |
| Loan Type | Crop Loans |
| Cut-off Date | Loans overdue as of 30 September 2025 |
| Additional Benefit | Incentive of up to ₹50,000 for regular loan repayment |
| Estimated Beneficiaries | Around 28–30 lakh farmers |
| Additional Beneficiaries | Around 20 lakh farmers may get repayment incentive |
Benefits
- The government will waive crop loans up to ₹2 lakh for eligible farmers.
- The scheme will provide financial relief to farmers facing loan burden.
- Farmers whose crop loans were overdue till 30 September 2025 can get the benefit.
- Around 28–30 lakh farmers are expected to benefit from the loan waiver.
- Farmers who repay their crop loans regularly may receive an incentive of up to ₹50,000.
- About 20 lakh regular loan-repaying farmers may get this incentive.
Also Check: Mahadbt Farmer List 2026
Eligibility Criteria
- The applicant must be a farmer in Maharashtra.
- The farmer must have taken a crop loan.
- The loan amount eligible for waiver is up to ₹2 lakh.
- The crop loan should be overdue as of 30 September 2025.
Application Process
- The Maharashtra Government will release detailed guidelines for the scheme.
- Banks will check the crop loan records of farmers.
- Only loans overdue as of 30 September 2025 will be reviewed.
- Banks will prepare a list of eligible farmers.
- The government will verify the loan details.
- After verification, the loan waiver will be processed for eligible farmers.
- Farmers who repaid loans regularly may also be considered for the ₹50,000 incentive.
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FAQs
1. What is the Maharashtra Farm Loan Waiver Scheme 2026?
It is a scheme announced by the Maharashtra Government to waive crop loans of farmers up to ₹2 lakh.
2. What is the name of the loan waiver scheme?
The scheme is called Punyashlok Ahilyadevi Holkar Shetkari Karjamafi Yojana.
3. How much loan will be waived under the scheme?
Eligible farmers can get a loan waiver of up to ₹2 lakh on crop loans.
4. Which loans are covered under this scheme?
The scheme covers crop loans that were overdue as of 30 September 2025.
5. Will regular loan-paying farmers get any benefit?
Yes. Farmers who repay their loans regularly may receive an incentive of up to ₹50,000.
6. How many farmers are expected to benefit from the scheme?
Around 28–30 lakh farmers may benefit from the loan waiver. Around 20 lakh farmers may get the repayment incentive.