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Maharashtra removes stamp duty on agricultural loans up to ₹2 lakh, reducing costs for farmers, simplifying loan processes, and boosting farm investment and rural growth.
Stamp duty waived on farm loans up to ₹2 lakh.
Applicable across Maharashtra from January 1.
Earlier, the stamp duty was ₹600 on a ₹2 lakh loan.
All loan-related documents included.
Faster, cheaper, and easier loan access for farmers.
Good news for farmers in Maharashtra. The state government has started the new year with a major relief by completely waiving stamp duty on crop and agricultural loans up to ₹2 lakh. This decision will reduce extra expenses, make borrowing easier, and simplify the overall loan process for farmers across the state.
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Maharashtra State Revenue Minister Chandrashekhar Bawankule announced that the stamp duty exemption has come into effect from January 1 and is applicable throughout Maharashtra. The move aims to ensure that farmers can access crop loans on time without facing additional legal costs or delays.
According to the minister, this step reflects the farmer-friendly and visionary approach of Chief Minister Devendra Fadnavis, focused on easing financial pressure on farmers and supporting timely agricultural activities.
With the waiver of stamp duty, farmers will now save money that was earlier spent on loan-related documentation. These savings can be used for essential farming needs such as seeds, fertilizers, pesticides, irrigation tools, and modern farming techniques. Lower initial costs will help farmers invest better in their fields, improve productivity, and increase overall income.
The government believes that reducing the cost of borrowing will encourage farmers to take loans without hesitation, leading to stronger agriculture growth and better rural livelihoods.
Earlier, stamp duty on crop loans was charged at 0.3 percent per ₹1 lakh. This meant that a farmer taking a loan of ₹2 lakh had to pay around ₹600 as stamp duty. Although the amount seemed small, it was an extra burden for small and marginal farmers. With the complete waiver, the overall cost of loans has now come down.
As per the government gazette notification issued by the Revenue and Forest Department on January 1, stamp duty has been fully waived on all key documents related to crop and agricultural loans up to ₹2 lakh. These include:
Title deeds
Deposit letters
Mortgage and pledge letters
Guarantee letters
Mortgage deeds
Loan agreements
The exemption will be implemented uniformly across the state. All banks, cooperative societies, and other lending institutions are required to follow this order, ensuring transparency and ease for farmers.
By removing stamp duty, the loan process will now be quicker and less complicated. Farmers will no longer need to spend time or money on additional legal formalities. This will help them receive loans on time, which is especially important during sowing seasons and other critical farming periods.
The Maharashtra government expects this decision to play a key role in strengthening the agricultural sector. Easy and affordable access to loans will encourage higher investment in farming, increase production, and support the rural economy. Overall, the stamp duty waiver is seen as a strong step toward farmer prosperity, empowerment, and self-reliance, while also reinforcing the state’s agricultural system.
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The Maharashtra government’s decision to waive stamp duty on agricultural loans up to ₹2 lakh is a major relief for farmers. It reduces borrowing costs, simplifies the loan process, and ensures timely access to credit. By lowering initial financial pressure, farmers can invest more in farming inputs and technology, leading to higher productivity, better incomes, and a stronger agricultural and rural economy across the state.