Maharashtra to Credit ₹13,000 Crore for 17 Lakh Farmers by July 31
GS3Economy · S&T · Environment · Security· MSP, procurement, PDS & food security· Prelims·
Why in news
Maharashtra government launched the Punyashlok Ahilyabai Holkar Farm Loan Waiver Scheme to provide financial relief to 17 lakh farmers by July 31.
Background
The scheme involves a total credit of ₹13,000 crore aimed at 17 lakh farmers. It was approved on June 2 and covers a broader scope of 56 lakh farmers across the state.
Facts for Prelims
- FactTotal credit amount: ₹13,000 crore for the Punyashlok Ahilyabai Holkar Farm Loan Waiver Scheme.
- FactTarget beneficiary count: 17 lakh farmers to receive credit by July 31.
- FactTotal coverage: The scheme covers 56 lakh farmers across Maharashtra.
- PlaceMaharashtra: State where the scheme was launched in Pandharpur.
For Mains
Q. Critically analyze the long-term economic implications of state-led farm loan waiver schemes on the rural credit cycle and agricultural productivity in India.
Dimensions to cover in your answer
- Moral hazard: Risk of creating a cycle of repeated defaults by farmers relying on periodic debt waivers.
- Fiscal pressure: Impact of large-scale state expenditure on the state's fiscal deficit and availability of funds for infrastructure.
Keywords: Fiscal Federalism · Agrarian Distress · Credit Cycle · Moral Hazard · Rural Economy
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