Farmers To Get Loans Of Up To ₹6 Lakh For A Long Term At Six Percent Interest

Farmers To Get Loans Of Up To ₹6 Lakh For A Long Term At Six Percent Interest

The Uttar Pradesh Cabinet approved long-term loans for small and marginal farmers under the Chief Minister Farmer Prosperity Scheme. Through the Cooperative Village Development Bank, farmers can receive loans up to ₹6 lakh at a 6% annual interest rate. The state will provide a 5% interest subsidy to farmers who repay instalments on time.