NDTV·1 min read·medium
Maharashtra Raises Farm Loan Waiver Limit From Rs 50,000 To Rs 2 Lakh
✦AI Summary
The Maharashtra government has increased its farm loan waiver limit from Rs 50,000 to Rs 2 lakh. The Chief Minister acknowledged the potential risks this policy poses to the financial stability of cooperative banks.
The chief minister conceded that regular waivers could encourage borrowers to delay repayments and weaken cooperative banks' financial health.
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