Maharashtra govt plots plan to waive farmers’ loans
The Maharashtra government may sell off its vacant plots to raise funds for the Rs 30,000 crore waiver granted by it on farmers’ loans.
Chief Minister Devendra Fadnavis announced a complete loan waiver worth an estimated Rs 30,000 crore. “We have been asked to identify open and vacant plots that can fetch a good amount. We have identified a few plots in Worli and Bandra, and some in Navi Mumbai. The government is planning to sell off these plots in the open market through auctions,” an urban development department official said on the condition of anonymity. He added that these plots could fetch over Rs 10,000 crore in auctions. “We are also planning to increase the ready reckoner rates and sell the premium in the way of Floor Space Index (FSI) and Transfer of Development Rights (TDR). This move will help to raise an additional Rs 10,000 crore. We are coordinating with the revenue and urban development department,” said an official from the state finance department.
Finance Minister Sudhir Mungantiwar said that the state government was committed to waiving off the farmers’ loans. “We are exploring a lot of options to raise funds for the loan waiver. We cannot say what exactly …read more