Zero Interest Loan Scheme for Farmers in Gujarat for Loans upto Rs. 3 Lakh

The state government of Gujarat has announced zero percent interest loan scheme for the state farmers. Under the scheme, the state government will be providing loans to state farmers at 0% interest rate. Loans up to Rs. 3 Lakh would be provided under the scheme. The scheme was announced by the state govt. at Gujarat
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The state government of Gujarat has announced zero percent interest loan scheme for the state farmers. Under the scheme, the state government will be providing loans to state farmers at 0% interest rate. Loans up to Rs. 3 Lakh would be provided under the scheme. The scheme was announced by the state govt. at Gujarat Gaurav Mahasammelan at Gandhinagar on 16th October 2017.

Earlier, the government was providing farm loans of up to Rs. 3 Lakh at effective interest rate of 1%. Out of the 7% of interest rate, 3% was being borne by the state and 3% by the central govt. but now, the additional 1% will also be borne by the state government to bring down the effective interest rate to zero.

The scheme will cost the state about Rs. 700 Crore per annum. The scheme will benefits about 25 Lakh farmers in the state. About 3 weeks ago, the Gujarat state government also announced to procure groundnut at Rs 900 per 20 kg against the market price of Rs 600-650.

Zero Interest Farm Loan Scheme

The scheme of providing farm loans at subsidized interest rates is already going on but the government has not issued any detailed guidelines about it.

However, once implemented, the scheme will prove to be of a great help for the state farmers. The scheme will further reduce the burden of interest from the farmers and will help them increase their income and eventually the income and living standard.

Complete details information about the scheme would be available only after it is officially launched.

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19 thoughts on “Zero Interest Loan Scheme for Farmers in Gujarat for Loans upto Rs. 3 Lakh”

  1. होम लोन जये छे सर धर बाधवानु छे

    Reply
  2. Me. Amish Patel and Yasin, it does exists and farmers are getting benefits from last 10 years by MODI government if you are not farmer you are not eligible. In our 24 villages all farmers are benefited. Thanks to MODI Government

    Reply
  3. Zero percent Vali Sab baate sirf vote Lene k liye he..BJP sarkaar kisaan KO kuchh BHI nahi dene Vali hai bhaio..ab to sudharo bhaio aur samjo…vakt aa Gaya he BJP KO ukhad fekne Ka..

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  4. सरकारने ऐलान तॊ कर दिया पर अभी तक o% ब्याज नहि हुआ कब होगा

    Reply
  5. ये ऐक बहुत ही अच्छा क़दम है सरकारका क्योंकि किसान इतना सक्षम नहि होता की ब्याज दे सके ओर ये देष किसानों का है किसानों के बारेमें सरकारने सोचकर बहुत खूब किया क्योंकि उध्योग वाले तॊ ब्याज चुका सकते है क्योंकि आमदनी भी उतनी होती है किसान तॊ कभी कभी मुड्डल भी नहि पा सकता क्योंकि उनको अच्छी कीमत नहि मिलती बौता वो है माल उसका ओर भाव कोइ ओर तय करता है सरकारको उसके बारेमें भी कुछ सोचना चाहिये चलो फिलहाल जो अरमान थे वो पूरे होते नज़र आ रहे है 0% लोन बेहतर स्कीम
    ऐक क़दम किसानो के साथ किसान का साथ सबका विकास.
    जय हिंद

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