Fadnavis: Loan waiver for farmers, not banks; policy by July 1

• CM Devendra Fadnavis announced 15,007 crore rupees in direct financial aid deposited into accounts of 9.2 million farmers.
• 80 crore rupees approved for repairing 27,000 irrigation wells damaged by heavy rains.
• The state government had previously announced a 32,000 crore special relief package for farmers.
• CM Fadnavis stated that a loan waiver will be implemented, but it must directly benefit farmers, not banks.
• A committee is working on a long-term loan waiver policy, to be announced by July 1st.

Why It Matters: Government plans farmer loan waivers, ensuring direct farmer benefit, not just banks.