Rajasthan starts giving crop loans
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The scheme, announced in 2018, will benefit 7.50 lakh farmers
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The scheme, announced in 2018, will benefit 7.50 lakh farmers
The Rajasthan government has started disbursing crop loans during the COVID-19 pandemic to the farmers who had availed of the loan waiver in 2018 and 2019 after turning defaulters. The decision is set to benefit over 7.50 lakh farmers who were being denied fresh loans, as their overdue debt had earlier exceeded ₹5,000 each, despite there being no outstanding amount at present.
Cooperative Minister Udai Lal Anjana said here on Saturday that the farmers were being connected with the short-term credit facility and given loans for this year’s kharif crop cycle. The central cooperative banks will give them loans of ₹25,000 each or up to their credit limit, whichever is less.