The loan waiver was declared by the state on June 2

Mumbai: Mahayuti govt’s Punyashlok Ahilyadevi Holkar loan waiver’s disbursal began on Friday with Rs 5,027 crore released into the bank accounts of 6.2 lakh farmers of an estimated 54.6 lakh through direct benefit transfer.“Of the 18-19 lakh bank accounts identified, around 12 lakh accounts have been sent back to the banks for verification on account of errors. Once these are cleared, the disbursal will continue,” said chief minister Devendra Fadnavis.He said that once the names of beneficiaries had been identified, a list would be put up at the gram panchayat office and farmers only needed to provide their Aadhaar number and Farmer ID. “They do not need to fill any forms,” said Fadnavis.When asked when the disbursal to the estimated 54.6 lakh farmers would be completed, he said that 80% of the roll-out in such cases usually proceeds quickly but the remaining 20% takes time owing to technical problems.“Usually the technical problems relate to duplicate bank accounts or errors in the name or account number of farmers. Sometimes, the beneficiary has passed away but the land remains in his name and has not been legally divided among his heirs,” said Fadnavis.The loan waiver was declared by the state on June 2. It was a promise in its 2024 assembly election manifesto. It covers short-term crop loans of up to 2 lakh taken between April 1, 2019 and March 31, 2025.It has three components: a debt waiver, one-time settlement and incentive benefits for those who regularly service their loans. In the first phase, the loan waiver will be rolled out while incentive benefits will be given in the second phase.