On the direction of finance minister Bank of Maharashtra (BoM) has started implementation of the debt- waiver scheme for farmers.
Bank sources said instructions have been given to branches to identify the borrowers for waiver or debt relief and make them eligible for fresh finance.
To make the implementation of the scheme successful senior executives of the banks are visiting branches in districts across the country.
After collecting the data by 30th June bank will be displaying a list of all eligible accounts at the branches and work for making fresh finance available to all eligible farmers under the scheme will be started.
The scheme has been formulated with an aim to provide benefits to the small and marginal farmers by way of waiver of short-term production loans and overdue installments for the term loans taken by them.
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