What this scheme offers
Launched in December 2019 and named after the social reformer Mahatma Jyotiba Phule, MJPSKY set out to break a specific cycle: farmers so deep in crop-loan debt that they couldn't get fresh credit for the next season, trapping them further. It waives short-term and restructured crop loans up to ₹2 lakh taken between April 2015 and March 2019 that were still overdue as of 30 September 2019. Crucially, it also rewards the farmers who didn't default — anyone who repaid their loans in full and on time during 2017–18, 2018–19, or 2019–20 receives a ₹50,000 incentive, so the scheme doesn't end up only benefiting those who fell behind.
Who is eligible
- Farmer with a short-term or restructured crop loan from a scheduled bank or cooperative society in Maharashtra.
- Loan taken between April 2015 and March 2019, outstanding as of 30 September 2019.
- For the ₹50,000 incentive specifically: loan repaid in full and on time during FY 2017-18, 2018-19, or 2019-20.
- Aadhaar-linked, active bank account.
Documents required
- Aadhaar card
- Bank loan account details / passbook
- Land records (7/12 extract)
- Bank account linked to Aadhaar
How to apply
- This is a beneficiary-list-based scheme, not an open application — check your status at mjpsky.maharashtra.gov.in using your Aadhaar or bank account details.
- If your name doesn't appear but you believe you're eligible, contact your bank branch or the District Cooperative Office to raise a correction.
- Ensure your Aadhaar is linked and seeded correctly with the loan account — this is the single most common reason a genuinely eligible farmer's payment gets held up.
- For the ₹50,000 regular-repayer incentive specifically, your bank confirms your repayment record to the government portal — no separate application is needed if your bank's records are accurate.