The decision to waive Maharashtra farmers loans will set the state government back by at least Rs30,000-Rs32,000 crore. By staggering the loan amount, the state will also be able to keep its financial parameters from going haywire. Last year, the state had to rework its revenue deficit to around Rs14,000 crore owing to poor collection from major revenue sources. He said, “We don’t see any problem in raising the funds for the waiver as we have identified the resources. The government has also adopted the austerity measures and has begun to plug the leakages to ensure the revenue generation.”

Source: Hindustan Times June 13, 2017 04:01 UTC