Ladki Bahin scheme affecting govt's farm loan waiver plans: Minister

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Ladki Bahin scheme affecting govt's farm loan waiver plans: Minister - Business Standard

Quick Summary:

Maharashtra Agriculture Minister Manikrao Kokate has said the Ladki Bahin Yojana is creating a burden on the state coffers, affecting its ability to implement the farm loan waiver scheme.

Speaking to reporters in Pune on Sunday, Kokate said the financial strain caused by the Ladki Bahin Yojana has disrupted the state's ability to form a surplus that would otherwise be allocated for waiving the loans of farmers.

The Ladki Bahin scheme, launched by the previous Eknath Shinde-led government in August last year to provide a monthly allowance of Rs 1,500 to eligible women, is likely to cost the state around Rs 46,000 crore annually.