The existing last date for filing applications under the scheme, Chhatrapati Shivaji Maharaj Shetkari Sanman Yojana (CSMSSY), was April 14.
A statement from Chief Minister Devendra Fadnavis' office said the date of filing online applications by farmers for the loan waiver has been extended up to May 1.
The BJP-led government has been extending the deadline time and again since the announcement of the scheme in June last year to allow more eligible farmers to get its benefits.
The Fadnavis government had announced a Rs 34,000- crore crop loan waiver for marginal farmers nearly a year ago.
At that time, the government had said the scheme was expected to benefit about 89 lakh farmers.