Farmers to repay loan by April 15

The meeting of the Council of Ministers under the chairmanship of Chief Minister Shivraj Singh Chouhan began with the recitation of Vande Mataram in Mantralaya. Chouhan said that the last date for repayment of Kharif crop loan for farmers is being extended from March 31 to April 15. The decision to provide loans to farmers for Kharif crops at zero percent interest rate was taken by the state government. The loan repayment period ends on March 31.

Chouhan said that many farmer brothers and sisters have not been able to deposit this amount. After the expiry of the period, they will become defaulters and they will have to pay more interest after they become defaulter. In view of this, the last date for repayment of Kharif crop loan is being extended to April 15, this will facilitate the farmers to repay the loan and they will not be a defaulter.

The Chief Minister said that the interest of the loan for the extended period would be paid by the State Government, which would amount to about Rs. 60 crore. This amount will be deposited by the state government on behalf of the farmers.

With this, farmers will be able to deposit their loan amount in a convenient way and they will not become defaulter.