Tag: interestfree

Ashok Gehlot approves Rs 736 crore for interest-free crop loans to farmers

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Jaipur: Rajasthan Chief Minister Ashok Gehlot has approved a financial proposal of Rs 736 crore for interest-free crop loans to the farmers of the state.
According to a statement, the chief minister has approved a grant of Rs 560 crore for farmers under interest-free crop loan subsidy scheme and Rs 176 crore under compensatory interest subsidy scheme.
According to the statement, a five percent interest subsidy will be given to the farmers who repay the longterm agriculture cooperative loan on time. Gehlot has approved the grant proposal. He has also allowed permission to give subsidy on housing loans to the farmers who have built houses on their farms.

Under this, the farmers who have repaid their long-term agricultural cooperative loans on time from April 1, 2014 will get a five percent interest subsidy every year from the state government.
Along with this, from the financial year 2023-24, a five percent interest subsidy will be given every year to the farmers who have taken housing loans to build houses on their farms.
In the budget 2023-24, Gehlot had made announcement about interest-free crop loan distribution scheme and interest subsidy for farmers.
According to another decision, the state government will provide 35,000 quintals of high quality seeds free of cost to more than 1.25 lakh farmers of the state at a cost of Rs 15 crore.

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( With inputs from www.siasat.com )

April 4, 2023
Women’s Day: Rs 750 cr interest-free loans fund released for Telangana SHGs

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Hyderabad: On the occasion of Women’s Day, Rs 750 crore were released towards providing interest-free loans to women’s self-help groups (SHGs) in Telangana by the state government.
Urban development minister KT Rama Rao revealed that there are more than 1 lakh 77 thousand Self Help Societies in all the municipalities in the state, in which about 18 lakh people are still members and all of them will be useful for the interest-free loan funds released by the government on Monday.
“Of the Rs 750 crore released, Rs 250 crore would be extended to SHGs operating in municipal bodies (in 23 districts) and Rs 500 crore would be disbursed to SHGs operating in rural areas,” he added.
“Members of the women SHGs were maintaining financial discipline and were promptly repaying the loans to the banks,” KTR acknowledged.
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( With inputs from www.siasat.com )

March 7, 2023
Govt to continue 50-year interest-free loans to states for another year: Sitharaman

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New Delhi: Finance Minister Nirmala Sitharaman on Wednesday announced that the Centre will continue 50-year interest-free loans to state governments for one more year.
She also said the enhanced capex of Rs 10 lakh crore for infrastructure development is at 3.3 percent of the GDP.
Presenting the Budget for 2023-24, she said the newly established infrastructure finance secretariat will assist in attracting more private investment.
An expert committee will also be set up to make infrastructure classification and financing framework suitable for Amrit Kaal, she added.
On October 13 last year, Prime Minister Narendra Modi launched the Gati Shakti – National Master Plan, aimed at developing an integrated infrastructure to reduce logistics costs.
All logistics and connectivity infrastructure projects, entailing an investment of over Rs 500 crore, are routed through the NPG, constituted under the PM Gati Shakti initiative.
She also informed that the PM Primitive Vulnerable Tribal Group scheme would benefit 3.5 lakh tribals.

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( With inputs from www.siasat.com )

February 1, 2023