Home / Economy / News / At 43%, farm loan waiver bags lion's share in Maharashtra subsidy: CAG

At 43%, farm loan waiver bags lion's share in Maharashtra subsidy: CAG

Expenditure over subsidy was Rs 20,984 crore in 2016-17, which increased by 62 per cent to Rs 33,894 crore, the CAG report said

farm loans, farm distress, farm loan waiver

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Press Trust of India Nagpur

2 min read Last Updated : Dec 20 2019 | 9:59 PM IST

The CAG report tabled in the Assembly on Friday revealed that during 2017-18, highest share of subsidy went towards implementation of farm loan waiver scheme of the Maharashtra government.

Expenditure over subsidy was Rs 20,984 crore in 2016-17, which increased by 62 per cent to Rs 33,894 crore, the CAG report said.

"Out of Rs 33,894 crore, 43 per cent was utilised for Chhatrapati Shivaji Maharaj Shetkari Sanman Yojana," said the report.

The CAG report has also threw light on increasing debt of the state, and advised the state government to work out a well-thought out debt borrowing repayment strategy to avoid falling

Topics : CAG audit cag Maharashtra Farm loan waiver

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