Mumbai, June 2 -- The Maharashtra Cabinet today approved the Punyashlok Ahilyadevi Holkar Farmer Debt Relief Scheme, which will provide loan waivers of up to Rs 2 lakh to farmers in Maharashtra. The meeting was chaired by Chief Minister Devendra Fadnavis. There will be no landholding criterion for eligibility, and loans up to Rs 2 lakh will be eligible for waiver.

Cabinet members welcomed the decision with applause, describing it as a historic step that will provide major relief to farmers across the state. The scheme has three components: Debt Relief, One-Time Settlement (OTS), and Incentive Benefits, ensuring that a large number of farmers benefit.

Farmers whose outstanding loans are below Rs 2 lakh will become completely debt-free af...