Jaipur, Sep 23 (PTI) The Rajasthan government has implemented a scheme under which farmers who repay loans on time will be able to get fresh credit at an interest rate of five per cent.

The Rajasthan government has implemented the scheme for farmers taking long-term agriculture loan.

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In a statement, Cooperative Minister Udayalal Anjana said the scheme will be applicable till March 31, 2022.

Anjana said this scheme will be applicable on loans taken from cooperative banks for the long term. He said this interest rate is the lowest charged by any bank.

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According to the statement, Chief Minister Ashok Gehlot has implemented the scheme from April 1, 2021. All the farmers who have taken loan in the period from April 1, 2021, to March 31, 2022, will get the benefit of the scheme.

He said long-term agricultural loans are payable at an interest rate of 10 per cent and relief has been provided to the farmers who repay the loan on time by giving them five per cent interest subsidy. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)