"Jharkhand cabinet has given its approval to provide loan at rate of one per cent to farmers taken under Kisan Credit Card and this will be applicable if the loan is paid back in one year," Jharkhand Cabinet Secretary S.S. Meena told reporters.
At present, farmers in the state get loans at the rate of four per cent.
The state cabinet has made a provision of Rs 40 crore for this and the government will bear three per cent loan interest. The decision has been taken after one farmer allegedly committed suicide due to burden of loans.
Another important decision taken by the state cabinet is that only a token of Re 1 will be charged from women for registry of properties up to the value of Rs 50 lakh. But this facility can only be availed once.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.