Keypoints:
- In the cabinet meeting, chaired by Uddhav Thackeray, it was decided that the farmers who are regular in repaying loans, can be given loans upto Rs.3 lakh at 0% interest.
- While presenting the state budget 2021-22, Deputy chief and Finance Minister Ajit Pawar had announced to give crop loans up to Rs 3 lakh at zero percent interest rate.
On Thursday, Maha CM Uddhav Thackeray chaired a cabinet meeting in which it was decided to give loans upto Rs.3 lakhs with zero percent interest rate. This decision is taken only for those farmers who are regular in repaying their loans. During the time when state budget 2021-22 was presented, Finance Minister and Deputy CM Ajit Pawar had announced to give crop loans up to Rs 3 lakh at zero percent interest rate.
In today’s cabinet meeting, a decision was taken to provide another 2% concession at the current rate of one percent if the loan is repaid within the stipulated period of one lakh to three lakh.
In the regards of this decision, farmers will be able to avail the crop loan at 0% interest rate. Farmers will get a combined benefit of three percent interest rate concession which will be offered by the state government and three percent interest concession will be offered by the Central government.
Under Dr. Punjabrao Deshmukh Interest Concession Scheme, interest concession is provided to farmers who are able to repay the short term crop loan within the given time period. In this scheme, farmers who are repaying short term crop loans within the given time period were given 3% interest concession up to a loan limit of Rs 3 lakhs.
The cabinet has decided that if the farmers repay the loan within the stipulated time, the cabinet will give them a discount of 2% interest rate.
पीक कर्जाची नियमित परतफेड करणाऱ्या शेतकऱ्यांना आता ३ लाखांपर्यंतच्या कर्जासाठी शून्य टक्के दराने व्याज आकारणी करण्याचा निर्णय आजच्या मंत्रिमंडळ बैठकीत घेण्यात आला आहे. यामुळे राज्यातील शेतक-यांचा मोठा फायदा होणार आहे. शेतक-यांच्या हितासाठी महाराष्ट्र विकास आघाडी सरकार कटिबद्ध आहे pic.twitter.com/ipu30LElo2
— Balasaheb Thorat (@bb_thorat) June 10, 2021
This scheme will enable the farmers to purchase modern agricultural inputs like seeds, fertilizers, medicines to increase agricultural income. Thus, it will increase agricultural production. They will also pay the loan on time in order to get interest relief. It will also increase the financial situation by increasing recovery of banks.
