Overview
- On Wednesday the government published a small, representative list of roughly 500–553 beneficiaries from seven districts who together will receive about Rs 2.99 crore in loan waivers.
- The wider rollout is on hold because officials are awaiting taxpayer data from the Income Tax Department so they can screen out ineligible recipients such as legislators, government employees, certain cooperative officials and taxpayers with non‑agricultural income.
- Implementation uses a MahaIT portal where 53 banks uploaded loan accounts, auditors have verified district central cooperative bank (DCCB) records, and beneficiaries must complete AgriStack registration and Aadhaar authentication before receiving direct benefit transfers triggered by SMS prompts.
- The cooperation department says it will complete processing for all DCCB-covered borrowers by July 31 and then begin transfers for commercial‑bank borrowers, with district lists displayed at panchayats, cooperative offices and bank branches for transparency.
- The scheme covers about 56 lakh farmers at an estimated fiscal cost near Rs 40,900–40,980 crore, raises relief for roughly 12 lakh 2019 waiver beneficiaries to Rs 2 lakh, and could clear arrears that block fresh crop credit for many farmers while giving those with loans over Rs 2 lakh a deadline to repay the excess.