Farmers will be free of interest: up to 3 lakh rupees without interest, banks get testimonies

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Farmers will be free of interest: up to 3 lakh rupees without interest, banks get testimonies

  • Agricultural farmers will get agricultural credit this year without the farmers. There has been a buoyant state of happiness since the announcement of kharif season. Despite the announcement of the government that farmers will be given a crop loan at the rate of interest of farmers at the rate of percent interest under the election in Gujarat, thousands of farmers of the state have taken interest and interest at 3% rate. Banks have been intimidating the farmers for not being circular as well as being circular. Farmers want to re-finance but they are not paying for 3% interest. In which the victims of government's mistakes are becoming farmers. Under which, now the registrar has now given the necessary fixations, do not discard the farmers, they will get interest of some percentages. 
  • The circular is not of the farmers, of the government and of the banks. If you are not circular, get the bank. In the past year, farmers also had to pay interest only at the rate of percentages. At that time the government had relaxed. The banks which have been levied. They can go to banks and ask farmers to return.
  • New plans are made in the country and the state with the aim to double the farm income to farmers by 2022. Farmers are taking bank credit for the kharif and rabi season every year. Farmers are financed by all banks for not getting trouble in buying seeds and fertilizers. In which timely payment of crop loan to farmers is paid by central government to 3% interest subsidy.
  • Last year, in the context of assembly elections in the state, a subsidy of 3% by the state government increased by one per cent to 4% interest subsidy. According to NABARD's credit policy this year, all banks of the state will be given crop loan at the rate of 7% to the farmers. In which the state government has informed the all the co-operative banks, nationalized banks, regional-rural banks and private banks, for the year 2018-19, as per the prerequisite on 17th April, 2018. Farmers can now get 4% interest subsidy, provided by the state government, now farmers will get crop loan loan without interest. Farmers also need to be aware of this before taking credit.
  • Financial burden on the treasury of the state government
  • The Anandiben government had earlier started it. The government decided to provide relief to the farmers who received crop loan up to Rs 3 lakh for three per cent. This led to an estimated economic burden of Rs 3.75 crore on the treasury of state government. Now the government has also forgiven everybody. The state government's interest-free decision will be a relief to the farmers, but this will also give BJP a political advantage. With the announcement of the government's decision to implement this decision, the farmers of Gujarat will now get the crop loan without any interest.

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