Maharashtra Budget 2026: CM Fadnavis Announces Crop Loan Waiver Up To ₹2 Lakh, ₹50K Incentives For Timely-Paying Farmers

Maharashtra CM Devendra Fadnavis on March 6 presented the state budget for 2026-27 in the assembly and became the 1st chief minister to table the budget. While presenting the budget, the Chief Minister launched the Punyashlok Ahilyabai Holkar Shetkari Karjmafi Yojana, under which eligible farmers with pending crop loans as of 30 September 2025 will receive a waiver of up to Rs 2 lakh.

In addition to this, farmers who repay their loans on time will receive a Rs 50,000 incentive grant. The CM said that the scheme aims to provide financial relief to farmers and encourage timely loan repayment.

The waiver announcement also comes at a time when demands for an immediate crop loan waiver intensified following recent heavy rains and floods, which caused severe crop losses across the state. 

Incentive Programs for Women Farmers

CM Fadnavis said that as 2026 has been declared as the International Year of Women Farmers, and on this occassion special incentive programs will be implemented for women cowherds, poultry, and goat farmers.

Additional subsidies for rooftop solar installations on PMAY houses aim to boost energy self-reliance in urban and rural areas.

"For development. Energy self-reliance will be achieved by providing additional subsidy for installing root-of-solar on houses being constructed under the Pradhan Mantri Awas Yojana, urban and rural...," CM said.

Maharashtra Villages To Be Connected by Concrete Roads

The CM also added that all villages in the state with a population of more than 1,000 will be connected by concrete roads. Maharashtra is the country's financial engine, and will become a USD 5 trillion economy by 2047, he said.

Natural Farming on 5 Lakh Hectares

The Maharashtra government will implement natural farming experiments on 5 lakh hectares under the Maharashtra Natural Farming Scheme. Chief Minister Devendra Fadnavis also announced the launch of the Chief Minister Rural Livestock Scheme. He stated that under the CM Gram Sadak Yojana, 97 per cent of work in the first phase has been completed.

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