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State to provide interest-free crop loans up to ₹3 lakh

Benefit will be extended to farmers who repay loans on time Appreciating the hard work put in by farmers to keep the State’s economy afloat during the pandemic, State Finance Minister Ajit Pawar in his Budget speech on Monday announced a slew of schemes for farmers. Mr. Pawar said zero-interest crop loans up to ₹3 lakh would be provided to farmers who repay loans on time. “This scheme will take off from the upcoming kharif season,” he said. The Finance Minister also announced a ₹2,000-crore scheme for strengthening agricultural produce market committees. Mr. Pawar said the Maha Vikas Aghadi government backed the farmers demanding the repealing of the Centre’s three new farm laws. The agriculture sector was the only one in the State to register positive growth in 2020-21.

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