In view of the lock-down in Madhya Pradesh to prevent the coronavirus, the Shivraj government has given farmers a 30-day extension to repay the loan. Now the loan taken from the cooperative banks for the kharif season can be repaid by 30 April.
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The Cooperative Department has issued its orders. The cooperative banks had given short term loans of more than eight and a half thousand crores to about 17 lakh farmers through Primary Agricultural Credit Cooperative Societies.
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The last date for repayment before the lockdown was 28 March, but the government has extended the last date for repayment of the loan to 30 April, in view of other steps including lockdown to prevent the coronavirus. Principal Secretary Cooperative Umakant Umrao said that all banks have been ordered to extend the deadline for repayment of loans.
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