Mumbai, Oct. 27 -- Maharashtra Chief Minister Devendra Fadnavis said that the state government has talked to the Reserve Bank of India (RBI) to stop microfinance companies from forcibly recovering loans from farmers.

Addressing the press after a state cabinet meeting, CM Fadnavis said, "For loan recovery also, we have talked to the RBI that forcible recovery from farmers by microfinance companies should be stopped."

As farmers in Maharashtra face a drought situation, he reiterated that the government has announced Rs 5,000 for relief for farmers during Diwali, and has approved Rs. 1.5 lakh crore for this.

"We have approved funds of about Rs. 1.5 lakh crore for the relief of farmers. Farmers will get Rs. 5,000 as relief during Diwali. I...