Rajasthan to disburse ₹16,000 cr interest-free loans to farmers

Cooperative minister Ajay Singh Kilak on Tuesday said the state government will disburse interest-free short-term crop loans totalling ₹16,000 crore to more than 25 lakh farmers in Rajasthan in this financial year

Cooperative minister Ajay Singh Kilak on Tuesday said in the current financial year the state government will disburse interest-free short-term crop loans totalling ₹16,000 crore to more than 25 lakh farmers in Rajasthan.

The short-term crop loans for kharif season is distributed from April 1 to August 3 and for rabi season from September 1 to March 31 by the Central Cooperative Banks. (HT File)

He said this year an additional ₹1,000 crore crop loans will be distributed to farmers. ₹10,000 crore will be distributed in kharif season and ₹6,000 crore in rabi season, he added.

The short-term crop loans for kharif season is distributed from April 1 to August 3 and for rabi season from September 1 to March 31 by the Central Cooperative Banks (CCBs).

Kilak claimed the state government has set a record in distributing crop loans. For kharif season, the Central Cooperative Bank (CCB) of Sriganganagar will distribute a maximum of ₹700 crore loan, followed by Hanumangarh ( ₹630 crore) and Barmer ( ₹600 crore).

Kilak said that the Rajasthan State Cooperative Marketing Federation has cleared the pending payments of 43,316 farmers, out of 45,063 residing in18 districts of Rajasthan.

The payments have been transferred in their bank accounts. He said around 1,747 farmers have not been paid, as there bank account details are different from the one given under the Bhamashah scheme – a total of ₹17.76 crore is to be paid.