BHOPAL, Feb. 7 -- The State cabinet, which met here on Tuesday under the chairmanship of Chief Minister Dr. Mohan Yadav gave approval for continuing short-term scheme for interest free loan for 2023-24 to encourage farm productivity. Crop loans will be provided to farmers through cooperative banks. Due date for Kharif 2023 season has been fixed as March 28, 2024 and for Rabi 2023-24 season, June 15, 2024.
The state government will give 1.5 percent (general) interest subsidy to all the farmers getting crop loan and 4 percent incentive (additional interest subsidy) to the farmers who repay the loan amount timely for Kharif and Rabi seasons.
It is noteworthy that in Madhya Pradesh Sankalp Patra 2023, the state government has resolved to prov...