Key Features and Financial Benefits
Announced during the budget session on March 6, 2026, this scheme aims to provide immediate financial relief to the distressed farming community.
- ₹2 Lakh Debt Waiver: Farmers with overdue crop loans as of September 30, 2025, are eligible for a complete waiver of up to ₹2,00,000.
- Incentive for Regular Payers: Farmers who have consistently repaid their loans on time will receive an incentive bonus of ₹50,000.
- Scheme Name: Officially titled the “Punyashlok Ahilyadevi Holkar Shetkari Karj Mafi Yojana.”
- Direct Settlement: The waiver amount will be credited directly to the farmer’s loan account via the Direct Benefit Transfer (DBT) mechanism.
Eligibility Criteria
- The applicant must be a permanent resident of Maharashtra.
- The Cut-off Date is September 30, 2025. Only loans outstanding up to this date qualify for the waiver.
- There is no landholding limit currently specified, making it accessible to small, marginal, and large-scale farmers.
- If the outstanding loan exceeds ₹2 Lakh, the farmer may need to deposit the excess amount to avail of the ₹2 Lakh benefit (awaiting final GR for confirmation).
Required Documents
- Aadhaar Card: Must be linked to the bank account and the loan account.
- 7/12 Extract & 8-A Extract: To verify land ownership and crop loan details.
- Bank Passbook: Copy of the account from which the loan was sanctioned.
- Loan Identity Number: Provided by the cooperative or nationalized bank.
Application & Selection Process
- Digital Verification: The government will use the ‘AgriStack’ platform and Aadhaar-based authentication to identify eligible beneficiaries automatically.
- List Publication: Provisional lists of eligible farmers will be displayed at Gram Panchayat offices and local banks.
- KYC Authentication: Once your name appears on the list, you must visit an ‘Aaple Sarkar’ Seva Kendra for biometric Aadhaar authentication.
