Impact on credit culture: One good deed could sow seeds for many bad loans

The Maharashtra government fulfilled its poll promise waiving loans up to Rs 2 lakh and also offering a Rs 50,000 incentive for farmers regularly paying their loans. The government has earmarked Rs 20,000 crore for the waiver and Rs 15,000 crore for the incentive for non-defaulters. The decision is estimated to benefit 5 million farmers that have outstanding crop loan dues up to September 30, 2025.