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Maharashtra Hikes Farm Loan Waiver Cap Fourfold to Rs 2 Lakh

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The Maharashtra government has raised the farm loan waiver limit from Rs 50,000 to Rs 2 lakh, significantly expanding relief for farmers in the state. The decision was announced by the chief minister as part of the state's agricultural support measures. However, the chief minister also acknowledged a potential downside to recurring waivers, noting they may discourage timely loan repayments among borrowers. Such a pattern, he warned, could gradually erode the financial stability of cooperative banks. The move reflects a balancing act between immediate farmer relief and long-term credit ecosystem health.

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