The Maharashtra government would write off Rs 1.5 lakh debt of each individual who has taken farm loan, provided he/she clears rest of the dues in advance, it was announced in the Legislative Council today.
Till now, a family was considered as one unit eligible for the waiver, offered under the government's scheme titled Chhatrapati Shivaji Maharaj Shetkari Sanman Yojana. The scheme was announced in June last year.
According to sources, the move, which is expected to benefit five lakh farmers, is likely to put a burden of additional Rs 1,000 crore on the governments coffers.
"Till now, a family was considered as eligible for the waiver of Rs 1.5 lakh, provided it cleared remaining debt in advance," Co-operation Minister Subhash Deshmukh said in the Council.
"Now, an individual will be eligible for the waiver, provided he/she clears his/her dues in advance," he added.
A similar announcement was earlier made in the Legislative Assembly.
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