The Maharashtra Cabinet has approved a major farm loan waiver scheme ahead of the monsoon season. This fulfills a key election promise by the BJP-led Mahayuti alliance, directly impacting 56 lakh farmers and over 65 lakh loan accounts. The decision is strategically timed but its official announcement is on hold due to the Model Code of Conduct for Legislative Council elections.
Exam Lens
Quick Exam Facts From News
1-Minute Revision
- ›Loan Waiver Amount: ₹36,585 crore
- ›Farmers Benefitted: 56 lakh
- ›Target this Data: ₹36,585 crore (Total waiver amount) and 56 lakh (Number of beneficiary farmers).
- ›Target this Nodal Body: Maharashtra State Cabinet (The approving authority).
- ›Target this Legal Point: Model Code of Conduct (The reason for delaying the official announcement).
Mastered this topic? Test your knowledge with a full MCQ quiz.
Practice exam-style questions, track your score, and strengthen your recall.