Get a loan of 3 lakhs at zero interest, know about the scheme

14/08/2022Posted on

The economic condition of most of the farmers in the country is not good. Because of this, most of the farmers need to take loans for farming. Many times farmers get loans from moneylenders and private institutions at higher interest rates. In such a situation, it becomes very difficult for the farmers to repay the loan. In such a situation, the central government is running the Kisan Credit Card scheme to help the farmers financially.

Under this scheme, loans are made available to farmers at an interest rate of 4%. Apart from this, loans are made available to farmers in many states at zero percent interest. With the help of this, the farmers have got a lot of benefits. Keeping this in mind, it has been decided to release the scheme in the year 2022-23 also.

According to the scheme, the interest subsidy is provided to the farmers by the state government on short-term crop loans up to Rs.3 lakh. 3% interest subvention is being given to all farmers taking short duration crops in Kharif and Rabi seasons under 10%. Along with this, 4% additional interest subsidy is being given to the farmers with outstanding loans as an incentive.

Source : Kisan samadhan

For information related to beneficial government schemes related to agriculture and farmers, read the articles of Gramophone daily. Don’t forget to share this article with your friends using the share button below.

Share

Farmers will get zero interest loan this year too, take advantage of the scheme soon

30/05/2022Posted on

The economic condition of most of the farmers in the country is not good. Because of this, most farmers need to take a loan for farming. Many times farmers get loans from moneylenders and private institutions at higher interest rates. It becomes very difficult for the farmers to repay the loan in such a situation.

The central and state governments are running many schemes to improve the economic condition of the farmers. In this sequence, the Madhya Pradesh government has also decided to continue the scheme of giving loans at zero interest. Under this scheme, farmers will be provided ‘short-term loans’ without any interest through cooperative banks.

The Madhya Pradesh government has decided to continue this scheme continuously in the year 2021-22 through cooperative banks. The benefit of this scheme is being given through ‘Kisan Credit Card’, under this, farmers of the state will now be able to get loans without interest in Kharif and Rabi seasons every year.

Source: Kisan Samadhan

Keep reading Gramophone articles daily for important news related to your life. If you liked today’s information, do not forget to like and share.

Share