Farmers to get 3 Lakh Rupees as Interest-Free Loan

Big stakes have gone to making farmers self-sufficient and doubling their income by 2022. It has been said that now the government has agreed to offer interest-free loans of up to 3 lakh rupees, so farmers won’t be burdened by the interest burden. Perhaps this is the first such scheme in one state. State’s Agriculture and Farmers Welfare Minister JP Dalal said the government would make it available to the Annadata at zero percent despite the banks usually taking 7 percent interest rate on crop loans. Farmers should take crop loans directly from banks rather than having the idea of preparing a disaster fund plan under way for this.

The broker said that the crop loan of 7 percent interest rate will be borne by 3 percent central government and 4 percent Manohar Lal Government. In this way, only zero per cent of crop loans will be given to the farmer. Agricultural debt in every country state is not less than 4 per cent. He said the Haryana Government has decided to install 17,000 Kisan Mitras, who will advise the farmers as volunteers, for this, how to fund the farmers according to the utility and income of their land.

Likewise, one lakh crore rupee was held for agricultural infrastructure in India’s recently announced self-reliant economic package of 20 lakh crore rupees, of which 3900 crores were reserved for Haryana. This money will help with warehouse, agro-based manufacturing, and other infrastructure growth. Plans for that are being made.

The Minister of Agriculture and Farmers Welfare said all the new steps taken over the last 6 years by the central government and the state government are in the interest of the farmers. The minimum support price (MSP) is declared for the last two years before crop seeding begins. Therefore the farmer will decide to sow the crop according to his wish.

The broker said the agricultural ordinance recently brought by the central government is in farmers’ interests. If the farmer outside of the mandis receives more than the minimum support price (MSP), he can sell the crop. The government will buy the gap in the price of the crop at the minimum support price otherwise it will meet in Bhavantar Bharti Yojana.

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