Maharashtra Gramin Bank Launches Special Loan Settlement Schemes for Farmers, SHGs, and Entrepreneurs
With the partnership of the Central and State Governments and the sponsorship of Bank of Maharashtra, Maharashtra Gramin Bank has announced various concessionary schemes to assist farmers, self-help groups (SHGs), and small entrepreneurs in repaying their overdue loans.
As per the "One State, One Gramin Bank" policy directed by the Government of India, the then Maharashtra Gramin Bank and the Vidarbha Konkan Gramin Bank were merged. The new Maharashtra Gramin Bank was officially established on May 1, 2025. Its operational area now spans the entire state of Maharashtra, with 748 branches and 13 divisional offices providing banking services to over 1 crore customers. Headquartered at Chhatrapati Sambhajinagar, the majority of its branches are located in rural areas, offering not only agricultural and allied loans but also home loans, vehicle loans, gold loans, and business loans.
In recent years, due to droughts, the COVID-19 pandemic, and challenging geographical conditions in some regions, many of the bank's farmer, SHG, and entrepreneur clients have defaulted on loans, impacting their creditworthiness. This has made it difficult for them to obtain new loans. Farmers who fail to renew their crop loans on time also lose access to higher credit and government interest subsidies.
To address these issues, the bank has announced the following special loan settlement schemes for defaulters:
"Shetkari Aadhar Yojana" for irregular crop loan regularization
"Shetkari Navsanjeevani Yojana" for overdue crop loans
"Shetkari Samadhan Yojana" for overdue term agricultural loans
"Gatbandhan Sahayata Yojana" for SHG overdue loans
"Udyojak Dilasa Yojana" for small entrepreneur loan defaults
Through these schemes, approximately 3.15 lakh account holders of the bank are expected to benefit. These initiatives aim to support farmers distressed by natural calamities and loan defaults without resorting to aggressive loan recovery, instead helping them reintegrate into the financial mainstream. Some schemes also include provisions for fresh or enhanced loan eligibility.
The list of eligible account holders for these schemes is available at all branches and offices of the bank. The bank is also reaching out to eligible customers through reminder letters, personal visits, and village-level camps. These schemes will remain valid until September 30, 2025. The bank’s chairman, Mr. Milind Ghard, has appealed to all eligible customers to contact their branch and take advantage of these schemes.
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