Rs. 34,022 crore
Quantum of loan waiver announced for farmers in the state of Maharashtra on 24 Jun 2017. (Click/Tap to know more about the scheme).
Year during which the previous Congress-NCP combine govt. had undertaken a similar waiver. The Comptroller and Auditor General (CAG) had pointed out enormous leakages and hence CM Deendra Fadnavis' insistence on Aadhaar linkage to ensure a high fidelity disbursal.
pronged approach devised to ensure govt. could come up with a reliable list of eligible farmers. Farmers would be required to apply online with their Aadhaar details and at the same time, banks would submit their list of farmers with outstanding loans. A 'green list' would be prepared after wringing both data sets through a rule based software.
online applications received!
Number of eligible farmers as per lists submitted by 66 banks.
18 Oct 2017
Date set by the govt for transfer of funds to the banks and starting the disbursal of the waiver certificates.
Number of farmers that made it to the green list as of 16 Oct. - a mere 3% - clearly indicating the lists submitted by the banks had major irreconcilable data quality issues.
Number of farmers have made it to the green list as of 17 Nov 2017, after significant amount of data cleansing and changes to rules in the software which in turn has reduced the overall fidelity of the process. One of the major data issues is related to missing or multiple persons being assigned the same Aadhaar number.
Waiver certificates disbursed as of 17 Nov based on Firstpost reporting.
28 Nov 2017
VK Gautam - Principal Secretary (Information Technology) - became the first casualty over the bungling and has been transferred and replaced by SVR Srinivas, who was in charge of the Dharavi Redevelopment Project.