Summary:
PUBLIC SECTOR banks and banking cooperatives are set to bear the burden of the Maharashtra government’s Rs 34,000-crore farm loan waiver scheme. Maharashtra’s previous debt waiver scheme in 2008 had witnessed a surge in such bogus cases and claims, sources said. This was before Chief Minister Devendra Fadnavis announced the farm loan waiver. On June 24, Fadnavis had declared that the total debt waiver would amount to Rs 34,000 crore. The state-run banks and banking cooperatives are already sitting on stressed assets in the form of bad or restructured loans, said sources..