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Earlier, there was 1 per cent concession in interest rate if crop loan between Rs 1 lakh and Rs 3 lakh was repaid on time. The concession has been now raised by by 2 per cent (total 3 per cent which has been waived), a statement from the chief minister s office (CMO) said.
Under the Dr Punjabrao Deshmukh crop interest subsidy scheme, farmers who repay their interest of loan up to Rs 3 lakh get interest subsidy. (Representative image)
MUMBAI: The Maharashtra government on Thursday said farmers who repay crop loan up to Rs 3 lakh regularly will be charged zero per cent interest.
A decision to this effect was taken at a cabinet meeting chaired by chief minister Uddhav Thackeray here. Earlier, there was 1 per cent concession in interest rate if crop loan between Rs 1 lakh and Rs 3 lakh was repaid on time. The concession has been now raised by by 2 per cent (total 3 per cent which has been waived), a statement from the chief minister s office (CMO) said.