A major decision has been taken by the government to provide relief to the farmers. A lump sum agreement scheme has been approved in the interest of farmers taking loans from cooperative land development banks.
Under this, the term loan interest and punishable interest of the farmers taking loan is up to 50% waived. After this decision, now farmers will have to pay about 239 crores less as interest.
Such indebted debtor farmers who have died, From the date of death of the farmer, the entire outstanding interest, penal interest and recovery expenses have been completely waived.
Source: Krishi Jagran
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