Jharkhand Cabinet approves one percent interest rate on loans to farmers

Ranchi: The Jharkhand Cabinet on Tuesday gave its approval to provide farmers of the state loans at the rate of one percent.

"Jharkhand Cabinet has given its approval to provide loan at rate of one percent to farmers taken under Kisan Credit Card and this will be applicable if the loan is paid back in one year," Jharkhand Cabinet Secretary SS Meena told reporters.

At present, farmers in the state get loans at the rate of four percent.

The state Cabinet has made a provision of Rs 40 crore for this and the government will bear three percent loan interest. The decision has been taken after one farmer allegedly committed suicide due to burden of loans.

Another important decision taken by the state cabinet is that only a token of Re 1 will be charged from women for registry of properties up to the value of Rs 50 lakh. But this facility can only be availed once.

Updated Date: Jun 13, 2017 20:08 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See