Scheme Introduction: A Brief Overview
At an event held in Mumbai, the state government -under the leadership of Hon. Chief Minister Shri Devendraji Fadnavis- provided significant relief to the state’s farmers by waiving loans of up to ₹2 lakh under the ‘Punyashlok Ahilyadevi Holkar Kisan Loan Waiver Scheme.’
Following this historic decision, a grand felicitation ceremony was organized for Hon. Chief Minister Shri Devendraji Fadnavis on behalf of the farmer brothers and sisters of Maharashtra. The opportunity to interact with the farmers proved to be truly beneficial.
Today, I participated in a ceremony honoring and expressing gratitude to farmers—held under the ‘Punyashlok Ahilyadevi Holkar Shetkari Karjamukti Yojana 2026’ in Maharashtra—and inaugurated the state-level agricultural festival, ‘Karmayogi Sudhakarpant Paricharak Krishi Pandhari – 2026’.
It is heartening to see this farmers’ conference bringing together modern agricultural techniques, new methods, and government schemes, thereby providing our farmers with access to new opportunities, information, and innovations.
Today also marked the launch of the ‘Punyashlok Ahilyadevi Holkar Shetkari Karjamukti Yojana 2026’, which will benefit 56 lakh farmers. In the first phase, 17 lakh farmers will receive assistance amounting to ₹13,000 crore. On this occasion, seven representative farmers from Solapur were presented with loan waiver certificates and financial aid, marking the commencement of the scheme’s benefits for farmers across Maharashtra. Through the ‘Mukhyamantri Baliraja Mofat Veej Yojana’, farmers are being provided with free electricity, while a reliable power supply is also being ensured.
“The first list of 17,00,000 farmers under the debt waiver scheme has been announced in the city of Panduranga. ₹13,000 crore will be deposited in the accounts of farmers before July 31.”
Historic Decision: Punyashloka Ahilyadevi Holkar Farmer Debt Waiver Scheme
Benefit of loan waiver up to Rs. 2 lakh
- even if the outstanding amount is more than Rs. 2 lakh Loan waiver up to Rs. 2 lakh will be available
- The Rs 50,000 benefit limit in the previous scheme has now been completely removed.
- A historic fund of Rs 36,585 crore will be distributed to directly benefit 56 lakh farmers
- The onerous repayment condition has been abolished. The regular loan repayment condition for 2026-27 will no longer be applicable
Important points
- Loan waiver lists will be published in every village.
- Farmers must do Aadhaar authentication
- Farmers will verify the information filled in by the bank.
- If the information is correct, the loan waiver amount will.
Punyashloka Ahilyadevi Holkar Farmer Scheme Benefits
How to get the benefits of Punyashlok Ahilyadevi Holkar Farmer Loan Waiver Scheme
- First of all, make sure whether your crop loan is eligible for this scheme or not.
- Visit the respective bank branch to confirm that your loan account information and KYC details are updated.
- Check if the Aadhaar linking process with your bank account is complete or not.
- Contact the bank branch to get information about inclusion of your name in the list of eligible beneficiaries.
- If you find any errors in the documents, get them rectified in time.
- Keep checking your updates till the bank and government verification process is completed for final approval.
Loans amounting to approximately ₹13,000 crore will be waived for 17 lakh farmers eligible under the farm loan waiver scheme. Following Aadhaar authentication and provided there are no issues regarding tax-linked accounts, the amount will be credited to the farmers’ accounts without delay. Cooperation Minister Patil stated that the verification of the list of remaining defaulters is underway, and they too will receive the benefit of the loan waiver in phases.
Punyashloka Ahilyadevi Eligibility Requirements
1. This incentive scheme has been implemented to foster financial discipline and the habit of timely loan repayment among farmers.
2. Eligible farmers will receive an incentive benefit of up to a maximum of ₹50,000.
3. The farmer must have availed a crop loan in any two of the following financial years: 2022-23, 2023-24, and 2024-25.
4. Repayment of the respective crop loan must be made by June 30th following the end of the financial year or by the deadline set by the bank, whichever is later.
5. Only farmers who repay their loans within the stipulated timeframe will be eligible for the incentive amount.
6. If the farmer has also availed short-term crop loans during 2025-26 and 2026-27, timely repayment of those loans is also mandatory.
7. A farmer remains eligible for the incentive even if the short-term crop loan availed and timely repaid during 2023-24 or 2024-25 is less than ₹50,000.
8. In such cases, the incentive amount will be determined based on the actual amount repaid by the farmer (principal + interest).
9. If the actual amount repaid is less than ₹5,000, the farmer will still receive a minimum incentive of ₹5,000.
10. The farmer will be provided an incentive benefit of up to a maximum of ₹50,000, calculated based on either the actual amount repaid (principal + interest) or a minimum of ₹5,000, whichever is higher.
Punyashloka Ahilyadevi Required Documents
- Aadhaar Card.
- Mobile Number linked with Aadhaar.
- Agristack Farmer Registry Number.
- Crop Loan Account Details.
- Bank Account Details.
- Land Record Details, if required during verification.
- Any additional documents prescribed by the implementing authority.