Loan waiver for farmers in Assam

GUWAHATI: Dolling out sops for farmers, Assam cabinet has approved 25 percent loan amount waiver for farmers. The waiver is up to maximum of Rs 25,000

Assam cabinet on Monday decided to introduce interest relief scheme to farmers’ upto 4 percent. According to state government statement this will mean that farmers get crop loan at zero percent interest.

The cabinet has decided to provide Rs 10,000 as subsidy for farmers for taking loan under Kisan Credit Cards (KCC).Earlier Assam government provided one time cash incentive of Rs 3000 per inactive Kisan Credit Cards (KCC).