Good News For Farmers-Ashok Gehlot Approves Rs 736 Crore For Interest Free Crop Loans

Recently, Rajasthan Chief Minister Ashok Gehlot approved a financial proposal of Rs 736 crore for interest-free crop loans to the farmers of the state.

The chief minister has approved a grant of Rs 560 crore for farmers under the interest-free crop loan subsidy scheme and Rs 176 crore under the compensatory interest subsidy scheme, according to a statement.

According to the statement, a five per cent 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 allowed permission to give subsidies on housing loans to the farmers who have built houses on their farms.

Under this, the farmers who have repaid their long-term agricultural cooperative loans on time from April 1, 2014, will get a five per cent interest subsidy every year from the state government.

Along with this, from the financial year 2023-24, a five per cent interest subsidy will be given every year to the farmers who have taken housing loans to build houses on their farms.

In the budget 2023-24, Gehlot announced an interest-free crop loan distribution scheme and interest subsidy for farmers.

According to another decision, the state government will provide 35,000 quintals of high-quality seeds free of cost to more than 1.25 lakh farmers of the state for Rs 15 crore.

-With PTI Inputs

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