Development News Edition
Give Feedback

Rajasthan farmers to get 5 pc interest subsidy on agri loans

Cooperative Minister Ajay Singh Kilak said the government took the decision in the interest of farmers who are in need of credit for agriculture works.


PTI Last Updated at 03 Aug 2018, 23:08 IST India

Farmers in Rajasthan applying for long-term agriculture loans will get 5 per cent subsidy on interest, a state minister said today.

Cooperative Minister Ajay Singh Kilak said the government took the decision in the interest of farmers who are in need of credit for agriculture works.

With the decision, farmers will get the loan at 7.50 per cent interest rate, which otherwise is 12.50 per cent.

The scheme will be applicable on long-term loans from cooperative land development banks.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


add banner

LEAVE COMMENT

Download our Android App on Google Play