Agriculture Loan : Interest-free Crop Loan Scheme for Farmers by Punjab Government

Punjab State Revenue Minister Bikram Singh Majithia said that Government would implement the “Interest-free crop loan” scheme for farmers. He announced this while distributing development grants worth Rs 83 lakh in State.

Government would provide interest-free crop loan of Rs 50 thousand on each crop to the farmers to give an easy hand to farmers for crop production. It will help to bail out the farming community from agrarian crisis.

The loan would be available twice a year according to the crop pattern in the state. The other major features of the scheme includes easy return of loan in instalments after the procurement of crops as per the season.

Source:http://www.business-standard.com