Ashok Gehlot approves Rs 736 cr for interest-free crop loans to farmers

Rajasthan Chief Minister Ashok Gehlot has approved a financial proposal of Rs 736 crore for interest-free crop loans to the farmers of the state.

According to a statement, the chief minister has approved a grant of Rs 560 crore for farmers under interest-free crop loan subsidy scheme and Rs 176 crore under compensatory interest subsidy scheme.

According to the statement, a five percent interest subsidy will be given to the farmers who repay the longterm agriculture cooperative loan on time. Gehlot has approved the grant proposal. He has also allowed permission to give subsidy on housing loans to the farmers who have built houses on their farms.

Under this, the farmers who have repaid their long-term agricultural cooperative loans on time from April 1, 2014 will get a five percent interest subsidy every year from the state government.

Along with this, from the financial year 2023-24, a five percent interest subsidy will be given every year to the farmers who have taken housing loans