Madhya Pradesh government has announced an interest waiver of Rs 2,123 crore for farmers on Tuesday. The waiver covers over 11.19 lakh farmers of the state.
Under the proposed scheme, only farmers with arrears up to Rs 2 lakh, including principal and interest, will be eligible for the benefits. Farmers are required to submit their.
The interest waiver will enable these farmers to avail loans from cooperative societies without any interest, empowering them to procure fertilizers and seeds for their Kharif crops.
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