CM Fadnavis Launches Farm Loan Waiver for 56 Lakh Farmers

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CM Fadnavis Launches Farm Loan Waiver for 56 Lakh Farmers

Synopsis

Chief Minister Devendra Fadnavis at Pandharpur announced Maharashtra's largest-ever farm loan waiver covering 56 lakh farmers, with 17 lakh in the first phase to receive funds before 31 July 2026. He also waived ₹48,000 crore in agricultural electricity dues and promised 12-hour daytime power for farmers.

Key Takeaways

CM Devendra Fadnavis attended the 'Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana 2026' event at Pandharpur on 24 July 2026 .
The farm loan waiver scheme is claimed to be the largest in India, covering 56 lakh farmers across Maharashtra.
The first phase covers 17 lakh farmers , with funds to be credited to accounts before 31 July 2026 .
Outstanding agricultural electricity dues of approximately ₹48,000 crore have been waived for lakhs of farmers.
The government plans to provide farmers with 12 hours of daytime electricity in the near future.
The Pandharpur Corridor will undergo redevelopment described as unprecedented among Maharashtra's pilgrimage sites, with medical, shelter, and foot-care services arranged for Warkaris.

The Chief Minister's Office of Maharashtra announced on Friday, 24 July 2026 that Chief Minister Devendra Fadnavis attended the grand 'Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana 2026 Bhavy Krutadnyata Shetkari Melava va Satkar Samarambh' at Pandharpur, where he also inaugurated the state-level agricultural festival 'Karmayogi Sudhakarpaant Paricharak Krushi Pandhari - 2026'.

Context

Speaking at the event, CM Fadnavis declared that the state government has taken what he called the largest farm-loan waiver decision in the country, set to benefit 56 lakh farmers across Maharashtra. In his words, 'शेतकऱ्याला दिलेला शब्द आम्ही मोडणार नाही' ('We will not break the promise made to the farmer'). He announced that a list of the first phase of 17 lakh farmers has already been declared, with funds to be credited to their accounts before 31 July 2026.

Fadnavis stressed that no eligible farmer would be left out of the scheme, underscoring the government's commitment to complete disbursement across all phases.

Policy Backdrop

Maharashtra has a long history of farm-loan relief programmes. A previous waiver package in 2017 covered approximately 34 lakh farmers, making the current scheme's stated reach of 56 lakh beneficiaries significantly larger in scale. Beyond loan relief, the Chief Minister also announced the waiver of outstanding agricultural electricity dues worth approximately ₹48,000 crore affecting lakhs of farmers.

Fadnavis further promised that the government would soon provide farmers with 12 hours of daytime electricity, framing assured power supply as central to reducing production costs and raising farm productivity. He described the government's broader agricultural goal as increasing investment in the sector to cut input costs, boost output, and improve farmer incomes.

Pandharpur Corridor and Warkari Welfare

At the event, CM Fadnavis also addressed the welfare of Warkaris — the devotional pilgrims who undertake the annual foot journey to Pandharpur for the Ashadhi and Kartiki festivals. He called the Pandharpur Wari 'महाराष्ट्राच्या संस्कृतीचा आत्मा' ('the soul of Maharashtra's culture') and said providing fitting facilities for this tradition is the state government's duty.

For the current Wari season, the government has arranged medical services, German hangars, charan seva (foot-care services), and other essential facilities for pilgrims. Fadnavis also announced that the Pandharpur Corridor would see a level of redevelopment unprecedented at any pilgrimage site in Maharashtra.

What's Next

The immediate milestone to watch is the credited disbursement to the first phase of 17 lakh farmers before 31 July 2026. The government is also expected to issue orders detailing the rollout of the 12-hour daytime power supply scheme for the agricultural sector. Senior ministers and legislators including Jaikumar Gore, Rajendra Raut, Samadhan Avtade, Vijay Deshmukh, and Gopichand Padalkar were present at the event, signalling broad ruling coalition backing for the announcements. The success of this scheme's disbursement timeline will likely set the political tone for the government's agricultural credibility ahead of the next Wari season.

Point of View

Combining agricultural relief with cultural reverence for the Wari tradition — a dual outreach to two of Maharashtra's most electorally significant constituencies: farmers and Warkaris. By framing the 56-lakh beneficiary scheme as the 'largest farm loan waiver in India,' the Fadnavis government is directly competing with the legacy of similar programmes in other states and within Maharashtra's own political history. The ₹48,000 crore electricity dues waiver and the promise of 12-hour daytime power signal a shift from one-time relief to structural agricultural support, though delivery timelines will be closely scrutinised. The Pandharpur Corridor announcement adds a heritage-infrastructure dimension, positioning the government as both a welfare provider and a custodian of Maharashtra's cultural identity.
NationPress
25 Jul 2026

Frequently Asked Questions

What is the Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana 2026?
It is Maharashtra's state farm loan waiver scheme for 2026, named after the 18th-century ruler Ahilyadevi Holkar, announced by CM Devendra Fadnavis to benefit 56 lakh farmers across the state.
How many farmers will benefit from Maharashtra's 2026 farm loan waiver?
A total of 56 lakh farmers are set to benefit. The first phase covers 17 lakh farmers, whose loan amounts are to be credited to their bank accounts before 31 July 2026.
What did CM Fadnavis announce about electricity for farmers?
CM Fadnavis announced that approximately ₹48,000 crore in outstanding agricultural electricity dues have been waived, and that the government will soon provide farmers with 12 hours of daytime electricity supply.
What facilities are being provided for Warkaris at Pandharpur?
The Maharashtra government has arranged medical services, German hangars, charan seva (foot-care), and other essential facilities for Warkari pilgrims during the current Wari season at Pandharpur.
What is the Pandharpur Corridor project?
The Pandharpur Corridor is a redevelopment project at the Pandharpur pilgrimage site that CM Fadnavis has described as being of a scale unprecedented at any pilgrimage site in Maharashtra.
Nation Press
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