Vithal Lahanu Jadhav, 38, had taken loans of Rs. 27 lakh from various credit societies for his grape orchard and was unable to repay them, Nashik Rural police official said.
Mr Jadhav was admitted to a local hospital after his alleged suicide attempt but died on Sunday, the official added.
A note recovered by relatives, allegedly written by the farmer, which mentioned the Rs. 27 lakh loan as well as the man’s anxiety over repaying it, has been handed over to police.
“We have registered a case of accidental death and are investigating further,” a police official said.