Tuesday, September 27, 2022

Agriculture News Farmers Will Get An Incentive Grant Of Rs 50,000 From July 1

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Agriculture News: Under Mahatma Jotirao Phule Farmers Debt Relief Scheme 2019, the state government has approved to provide incentive benefits to farmers who repay their loans in full. The decision was taken at a cabinet meeting. Farmers will now be given an incentive grant of Rs. For this, 2017-18, 2018-19 and 2019-20 will be considered. This decision has brought some relief to the farmers. Incentive subsidy will be given to farmers who repay their loans regularly from July 1, Agriculture Day.

Meanwhile, if the short term crop loan taken in the year 2017-18 is fully repaid by June 30, 2018 and the short term crop loan for the year 2018-19 is fully repaid by June 30, 2019, similarly the short term crop loan for the year 2019-20 is 31 August 2020. An incentive amount of up to a maximum of Rs 50,000 will be given on the amount of short term crop loan for the year 2019-20 if repaid in full by However, if the amount of short term crop loan taken and fully repaid in the year 2019-20 is less than Rs. The incentive benefit will be fixed at a maximum of Rs 50,000 considering the total amount of short term crop loan repayment taken by individual farmers from one or more banks.

Meanwhile, only short term crop loans given to farmers by nationalized banks, private banks, rural banks, district central co-operative banks and various executive service co-operative societies will be considered for this scheme. Meanwhile, all these matters will be completed soon and the money will be credited to the farmers’ accounts soon. As the banks have sent a list of farmers who have repaid their loans regularly, the money is likely to reach the farmers’ accounts in the next two weeks.

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