The Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis, has approved the Punyashlok Ahilyadevi Holkar Farmer Debt Relief Scheme on 2 June 2026. The scheme provides a crop loan waiver of up to ₹2 lakh per farmer, with no landholding criterion, and is built around three components — Debt Relief, One-Time Settlement (OTS) and Incentive Benefits.
Key highlights
- Loan waiver of up to ₹2 lakh (principal + interest) on short-term crop loans.
- Farmers with dues below ₹2 lakh become completely debt-free after the waiver.
- Farmers with dues above ₹2 lakh must repay the excess by 31 March 2027; the government then credits ₹2 lakh into the loan account (One-Time Settlement).
- Farmers who repaid loans on time can get an incentive of up to ₹50,000.
- No landholding limit — small and large farmers alike are covered.
Who is eligible
Farmers in Maharashtra who took short-term crop loans between 1 April 2019 and 31 March 2025, with dues outstanding as of 30 September 2025 that remain unpaid by 31 March 2026, from nationalised, private, regional rural banks, District Central Cooperative Banks or Primary Agricultural Credit Societies (PACS). Aadhaar authentication and AgriStack registration are mandatory.
Who is not eligible
- Political office-bearers
- Government employees
- Income-tax payers
- Officers/employees of cooperative institutions earning more than ₹25,000 per month
Important dates
- Cabinet approval: 2 June 2026
- Loan period covered: 1 April 2019 – 31 March 2025
- Outstanding cut-off: 30 September 2025
- OTS excess-repayment deadline: 31 March 2027
A high-level committee chaired by the Chief Secretary will oversee implementation, and a dedicated digital portal is being developed. Read the full guide on eligibility, benefits and how to apply on our Punyashlok Ahilyadevi Holkar Farmer Debt Relief Scheme page.
Related
- Punyashlok Ahilyadevi Holkar Farmer Debt Relief Scheme — full guide
- PM Kisan Samman Nidhi Yojana
- Maharashtra Government Schemes
- All Farmer Schemes
How the waiver is expected to work
Farm loan waivers in Maharashtra are typically implemented through a dedicated state portal where banks upload eligible loan accounts, farmers verify their details via Aadhaar authentication, and the waiver amount is settled directly with the lending bank. Watch for the official implementation notification — until then, keep repaying as advised by your bank to avoid being classified as a defaulter if any cut-off criteria apply.
What farmers should do now
- Keep your loan documents, Aadhaar and bank passbook ready and consistent (same name spelling everywhere)
- Confirm your crop loan account is Aadhaar-seeded at the bank branch
- Do not pay any agent — waiver benefits are settled bank-to-government with Aadhaar verification
- Check announcements only on official Maharashtra government channels and your bank
Where to verify updates
Follow the Maharashtra cooperation department announcements and your district collector office notices. We will update this page as the implementation portal and eligibility lists go live.