The incident took place around 1 pm when the man tied a rope at a tree in Jantar Mantar area and formed a loop, a senior police official said.
A 32-year-old distraught farmer from Maharashtra's drought-hit Amravati district allegedly attempted suicide at Jantar Mantar in Delhi on Monday.
The incident took place around 1 pm when the man, identified as Prashant Deshmukh, tied a rope at a tree in Jantar Mantar area and formed a loop, a senior police official said.
When the man was allegedly trying to fit his head into it, he was spotted by staff posted at the police picket near Kerala House, who rushed to his rescue, the official added.
Police officials persuaded Deshmukh not to take the step, following which he broke down. Deshmukh was then taken to a police station.
He said he had come to Delhi in a train seeking answers to many of his problems.
Deshmukh told police he owns a farm land at a drought-hit village in Amravati and claimed a water reservoir was constructed in his farm under some government scheme but he did not receive the compensation promised for the same.
"We have arranged counselling for Deshmukh and also informed his family. Officers at Maharashtra Sadan here have also been informed," DCP (New Delhi) Jatin Narwal said.