Modi govt's big decision for farmers, now this benefit will be available in loans

New Delhi: In the cabinet meeting, the Modi government has taken a big decision for farmers. Talking to the media after the cabinet meeting, Union Minister Anurag Thakur informed that the government is constantly working to empower the farmers. In the cabinet meeting, a rebate of 1.5% has been approved on short-term agricultural loans up to Rs 3 lakh. Anurag Thakur said that under this scheme, an additional budget provision of Rs 34,856 crores has been made between the year 2022-23 and 2024-25.

With this decision of the central government, farmers will get adequate loans in the field of agriculture. The government has given the green signal to increase the Credit Line Guarantee Scheme Fund along with giving loan concessions to farmers. This step of the government will give a boost to the agriculture sector. Union Agriculture Minister Narendra Singh Tomar had already given information in this regard and said that the government is focusing on the development of technology and infrastructure in the agriculture sector. This will create employment opportunities for educated youth in villages.

The Agriculture Minister had said in the concluding program of the series of lectures at the Indian Council of Agricultural Research (ICAR) that this will not only create employment opportunities but will also benefit the farmers and by finding a permanent solution, the farmers will be enriched and agriculture can be modernized. Tomar said that the Centre has launched several schemes to give full support to the agriculture sector and this work is progressing with the cooperation of state governments.

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