Farmers are provided with pledge loans against their agricultural produce. During the harvest season, the influx of agricultural commodities into the market typically increases. Frequently, due to this high volume of arrivals, the possibility of a decline in market prices cannot be ruled out. To ensure that farmers are not compelled to sell their produce at low prices during this period—and to help them meet their immediate financial requirements—the Agricultural Produce Pledge Loan Scheme is implemented by the Market Committee, utilizing its own funds, under the directives of the Maharashtra State Agricultural Marketing Board. Through this section, pledge loans are disbursed to farmers upon the submission of the necessary documentation pertaining to their agricultural produce.
