Why Maharashtra waived farmers’ power dues amid MSEDCL IPO plans
The Maharashtra government has announced a ₹48,000 crore waiver for farmers' pending electricity dues to provide relief and facilitate new power connections. This move follows previous farm loan waivers and aims to address the financial struggles of both the agricultural sector and the state-run power distribution company.
Maharashtra government, on July 16, announced to waive off ₹48,000 crore of pending electricity dues owed by farmers, marking the State’s second major waiver after June’s farm loan write-off — aiming to bring relief to both cash-strapped farmers and the debt-laden Maharashtra State Electricity Distribution Company Limited (MSEDCL).
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