Relief to farmers: Repayment period of short term loan extended

Farmers will be able to pay the loan till June 30, interest will also be exempted

Various schemes are run in the country for the welfare of the farmers and to increase the income of the farmers. Often the state governments and the central government give relief from debt to the farmers from time to time. In this episode, recently a big gift has come from the Rajasthan government for the farmers. Taking a decision in the interest of the farmers, the government has not only increased the repayment limit of short term loans of the farmers, but has also announced subsidy in interest. Farmers are very happy with this step of the government, tell that for the farmers who have taken loan from cooperative bank, a very good news is coming out for them.

Financial proposal of how much rupees has been approved

Rajasthan Chief Minister Ashok Gehlot has approved a financial proposal of Rs 736 crore to extend the short term loan repayment period and provide interest subsidy to the farmers. Out of 736, a grant amount of Rs 560 crore has been given under the Interest Free Crop Loan Subsidy Scheme. And the approval of Rs 176 has been given under the Compensation Interest Subsidy Scheme. As a result of this decision of the government, the farmers of the state will continue to avail the benefit of short term crop loan without any interest this year also.

How much will the farmers benefit

In a big relief to the farmers, the Rajasthan government has decided to provide 5 percent interest subsidy on long-term agriculture cooperative loans to the farmers of the state. Farmers are expected to get a lot of benefits from this scheme. Apart from this, it has also been decided to give subsidy to farmers on housing loans. Let us tell you that from April 1, 2014, farmers are being given 5 percent interest subsidy on all agricultural cooperative credit disbursed in the state. But with this decision of the Gehlot government, now from the year 2023, apart from the interest free crop loan exemption to the farmers, there has also been a provision to give exemption on the housing loan of the farmers who have built houses in the farm. .

How can farmers take agriculture loan

Those farmer brothers who want to take agriculture loan for farming, they can easily get loan by applying in Kisan Credit Card Yojana. There are many banks providing agriculture loan in the country, there is a provision to take agriculture loan from any government bank or selected private bank. If you want to take agricultural loan, then you can apply by filling the form of KCC Yojna by going to the nearest government bank.

Explain that if farmers are beneficiaries under the Kisan Samman Nidhi Yojana, then they can apply for KCC directly from the CSC center in their bank. CSC center or Vasudha center will be available in your nearest block, from here one can directly apply for KCC. There is a provision to issue KCC loan within 15 days.

At what rate KCC gets agriculture loan from bank

By the way, the interest rate of agriculture loan by the bank is 7 percent. But on taking agricultural loan from KCC, a rebate of 3 percent is given to the central and state government on this interest rate. In such a situation, this agricultural loan is given to the farmers through KCC at 4 percent interest. If the farmer repays the loan on time, he is given a loan at 0 percent interest. This facility is only for KCC holder farmers. Tell that zero interest rate loan is being made available to the farmers in Rajasthan.

From which banks can farmers get credit cards made for taking loans?

Various government banks of the country provide easy and cheap loans to the farmers. To take advantage of cheap loans, farmers have to apply under the KCC scheme. There are many government banks like UCO Bank, Union Bank, State Bank of India which take applications from farmers for KCC.

What documents will be needed to get KCC made?

Farmers need some important documents to get KCC made, these documents are as follows