- By Shubham Bajpai
- Fri, 31 Oct 2025 07:59 AM (IST)
- Source:JND
In a major thaw between farmers and the Maharashtra government, Chief Minister Devendra Fadnavis on Thursday said a decision on farm loan waiver will be taken by June 30 next year and formed a committee under his principal economic advisor, Pravin Pardeshi.
Fadnavis said a high-level committee has been formed under Pardeshi to recommend short-term and long-term measures for freeing farmers from the recurring debt trap and improving their living standards.
"The committee has been asked to submit its report in the first week of April 2026 regarding how to implement loan waiver, following which a decision on loan waiver will be taken by June 30," the CM said.
While talking to the media, after a meeting with former MLA and Prahar Janshakti Party leader Bachchu Kadu, who is at the helm of the massive protest for farm loan waiver.
The CM and Kadu met at Sahyadri guesthouse in Mumbai after the former arrived in the state capital following his official engagements in Amravati.
Fadnavis emphasised that the ruling Mahayuti had promised a loan waiver in its election campaign, and presently it is important to ensure farmers get money in their bank accounts as compensation for flood relief and also to prepare for Rabi sowing.
He added that the loan recovery will happen in June. "So far Rs 8,500 crore has been released, and about Rs 6,000 crore has been credited to the farmers' bank accounts. In the next 15 days, 90 per cent of farmers will get money. The protestors have taken the decision positively," Fadnavis said.
He added that the agriculture produce procurement centres have started and asked farmers to give their harvest only to those who pay them the MSP.
After the announcement, Bachchu Kadu expressed satisfaction with the development and the outcome of the meeting.
"At least we have a date when decision on loan waiver is expected. We will take a decision on future course of action after discussion with all farmer leaders," he said.
(With PTI Inputs)