The committee was set up following Chief Minister Devendra Fadnavis's assurance to come out with a crop loan waiver scheme by October 31 amid farmers' agitation in the state.
An official in the cooperative department said that according to preliminary estimate, 30 district central cooperative banks alone have outstanding crop loans of Rs 15,989 crore from 89.75 lakh farmers.
The loan waiver scheme may cover the loans taken in the last three years, after the BJP-led government came to power, the official said.
Minister of State for Agriculture Sadabhau Khot said the committee will also study loan waivers in Uttar Pradesh, Andhra Pradesh and Telangana.
The committee has to submit its report by October.