Rabi crops continue to be procured across the country amid nationwide lockdown. Along with the purchase of wheat, now payment has also been made to farmers. But the bank has started deducting money from the farmers who had taken a loan from the bank for farming, due to which the farmers are not getting the full amount.
It is important to note that in Madhya Pradesh, most farmers take crop loans and farmers’ credit card loans to do farming. Farmers then fulfill this loan by selling their crop production. However, this year, due to rainfall and the corona epidemic, the savings of farmers have been very low. Due to which the farmers can face more problems due to the bank cutting the earning money.
Keeping these problems in mind, the Government of Madhya Pradesh has now ordered the banks not to deduct more than 50% of the outstanding loan amount from the amount of crop sold by farmers at minimum support price under the Rabi Earnings. Along with this, the Chief Minister has also instructed the banks to provide loans at zero percent interest to the farmers for the next crop.
Source: Kisan Samadhan
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