Kailash Lal Singh Jamre (35) died during treatment at the district hospital, said Tejram Babar, the hospital's police post in-charge.
While family members said that the farmer took the extreme step due to debt, police said that the exact reason would be known after investigations.
Shankar Jamre, brother of the deceased, said that the farmer killed himself as he was unable to repay loans totalling around Rs 1.75 lakh, taken from a bank, a private company and two other cooperatives.
"Our father and elder brother were bed-ridden and the crop on his two-acre farmland was also destroyed," his brother said.
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Earlier on December 12, Gokul Pal (50) had allegedly committed suicide by hanging himself from a tree at his farm in Bhundi village of Umaria district.
Pal's son Naresh Pal (25) had claimed that his father was tense over his inability to repay loans worth Rs 90,000 which he had taken from two private lenders.
At Abgaon village of Harda district, farmer Dinesh Pandey (60) had allegedly committed suicide on December 10 by jumping into a well after getting a notice to pay his pending electricity bill of Rs 9,111.