Rs 736 crore interest subsidy approved for farmers in Rajasthan
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According to a statement, the Chief Minister has approved a grant of Rs 560 crore for farmers under interest-free crop loan subsidy scheme and Rs 176 crore under compensatory interest subsidy scheme.
Rajasthan Chief Minister Ashok Gehlot has approved a financial proposal of Rs 736 crore for interest-free crop loans to the farmers of the state. According to a statement, the Chief Minister has approved a grant of Rs 560 crore for farmers under interest-free crop loan subsidy scheme and Rs 176 crore under compensatory interest subsidy scheme. According to this, five percent interest subsidy will be given to the farmers who repay the long-term agriculture cooperative loan on time. Gehlot has approved the grant proposal.
He has also given permission to give subsidy on housing loans to the farmers who have built houses on their farms. In this, from April 1, 2014, the farmers who repay the long-term agricultural cooperative loans on time will get five percent interest subsidy every year by the state government. Along with this, from the financial year 2023-24, five percent interest subsidy will be given every year to the farmers who have taken home loan to build a house on their farm.
It is notable that in the budget 2023-24, Gehlot had announced regarding interest-free crop loan distribution scheme and interest subsidy for farmers. As per another decision, the state government will provide 35 thousand quintals of high quality seeds free of cost to more than 1.25 lakh farmers of the state at a cost of Rs 15 crore. With this, about 5.89 lakh quintal seeds will be produced and farmers will get support.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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