Maharashtra govt. to provide interest-free crop loans up to ₹3 lakh
2% additional concession for farmers who repay on time The Maharashtra Cabinet on Thursday cleared a proposal to provide crop loans up to ₹3 lakh at zero interest rate. Under the Dr. Punjabrao Deshmukh Interest Concession Scheme, farmers who repay their interest of loans up to ₹3 lakh get interest subsidy. The decision was taken at the State Cabinet meeting chaired by Chief Minister Uddhav Thackeray. Finance Minister Ajit Pawar, while presenting the State budget for 2021-22, had announced that crop loans up to ₹3 lakh will be charged at zero per cent interest. The State government was ...
Source: thehindu.com