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Maharashtra finalises waiver of farmers’ loans of up to ₹1.5 lakh

MUMBAI: The Maharashtra government on Saturday announced it would spend ₹34,022 crore to write off farm loans, a decision that would help 89 lakh farmers in debt across the state.

The loan waiver, which chief minister Devendra Fadnavis said was the “highest by any state in India’s history”, will cover 65% of all farmers in Maharashtra. Of this, loans of 40 lakh farmers will be completely written off.

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