Coronaviurs: The Modi government gave this big relief to the farmers

New Delhi, March 30, 2020 Monday

In the time of the Corona virus crisis, the Modi government has given an even greater relief to the farmers.

In the wake of the 21-day nationwide lockdown, the government has extended the payment of all short-term crop loan payments from farmers to banks in Lev.

The last date for repayment of short-term crop loan is March 31, on which the government is allowed two per cent interest rate.

According to a tweet from the Union Ministry of Agriculture, the government has decided to extend the repayment period for all short-term crop loans taken by banks between March 1 and May 31, 2020.

Now farmers can repay the loan till May 31, 2020 at an interest of 4% per annum with no penal interest.

To solve this problem of farmers, the Government of India has decided to extend the benefit of 2% interest waiver to banks and 3% immediate payment incentive till 31st May 2020.