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The Hindu
The Hindu
National
Satyasundar Barik

Odisha launches interest free crop loan up to Rs. 1 lakh

Odisha VSS PACs

The Odisha Cabinet on Friday approved provision of Rs. 5700 crore for implementation of a State sector scheme ‘Interest Subsidy-Subvention’ under which interest-free crop loans of up to Rs. 1 lakh would be made available to farmers.

The Cabinet meet chaired by Chief Minister Naveen Patnaik decided to charge 2% interest for crop loans above Rs.1 lakh to Rs.3 lakh. These interest rates would be applicable retrospectively from April 1, 2022.

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