Bhaurao Shankar Palve had consumed poison yesterday noon, and died around 1 am today at Nashik Civil Hospital, Harsul Police Station in-charge P P Salunke said.
"Palve was trying to collect money to buy fertilisers for the paddy crop. He had even sold the gold chain of his wife to raise funds. However, since he felt that the amount was not sufficient for the purchase, he got frustrated and took this extreme step," Salunke said.
It was only when the Sub Divisional Officer Ramesh Misal granted financial assistance of Rs 10,000 and assured additional compensation from the government, the body was allowed to be taken away, police added.