
The Central Government has made a big announcement to give relief to the farmers. After the cabinet meeting, the Emergency Credit Line Guarantee Scheme (ECLGS) outlay was increased by Rs 50,000 crore to Rs 5 lakh crore. This information has been given by the Union Information and Broadcasting Minister (I&B Minister) Anurag Thakur. He said that the cabinet has also approved an interest subvention of 1.5 percent on short-term agricultural loans up to Rs 3 lakh.
We are giving priority to farmers from day one: Anurag Thakur
Giving information about the decisions of the cabinet, the Union Minister said, 'We are giving priority to the farmers from day one. Farmers get a loan of Rs 3 lakh on a credit card for a short period. Interest is to be paid on it at the rate of seven percent. If farmers pay it on time, they get a rebate of three percent. That is, farmers have to pay interest only at the rate of four percent.
The Union Minister said that farmers get this facility from different banks like small-big and regional-rural. In May 2020, banks were stopped from getting the help of a two percent rebate from the government because the interest rates were low then.
Repo rate hike does not affect farmers' loans
Now RBI has increased the repo rate twice. In order not to burden the farmers with much interest rates or the banks which give loans to farmers at an interest rate of seven percent, the government has decided that it will help one and a half percent in the interest rate. This help will be from the financial year 2022-23 to 2024-25. Farmers will continue to get loans at the rate of seven percent as before.
Punjabi singer Diljit Singh Dosanjh this morning participated in the daily morning Bhasma Aarti o
External Affairs Minister S Jaishankar said that the main concern of the G-20 would be to find wa
US President Donald Trump announced Thursday that the 25 percent tariff on most goods imported fr
India started with a win in the T20 series against Ireland. He defeated the hosts by two runs bas
Veteran actor of Marathi cinema Ravindra Mahajani, who was seen in the role of a policeman in the
'Modi ji you fight... we are with you', Muslim women came out in support of the Waqf Amendment Bill.
Today, the government will introduce the Waqf Amendment Bill 2024 in the Lok Sabha. Some are in f
Bharat Jodo Yatra is being taken out under the leadership of Congress leader Rahul Gandhi. This y
The beginning of the year may have been slow for Hindi films, but now the box office is slowly ge
Delhi's Deputy Chief Minister Manish Sisodia has been arrested by the CBI on Sunday after nearly
Karnataka Hijab Controversy: Karnataka Chief Minister Basavaraj Bommai said that the state govern