Government will give four thousand acres per acre, agricultural loans will be free of interest?
New Delhi: Government is offering a one-rupee assistance of Rs 4000 for every season and providing interest-free loans of up to Rs 1 lakh per farmer. The announcement in this regard is likely to happen in a week._x000D_
To finalize this decision, the PMO and the Niti Commission have called for urgent meetings and Prime Minister Narendra Modi will discuss the issues related to the informal meetings of different ministries, which will be announced this week.
According to the sources, four thousand rupees per acre before the farming season will be deposited in the bank accounts of the farmers, and the limit of interest-free farm loans will be increased from Rs. 50,000 per hectare to Rs. One lakh per hectare. Farmers were getting farm loans at the rate of percentages till now, but now banks will not be charged interest on farm loans up to a lakh rupees._x000D_
References - Lokmat, 3 January 2018