Jaipur, Aug 9 (PTI) Rajasthan chief minister Vasundhara Raje today said her government will waive overdue loan of farmers of Tribal Sub-Plan (TSP) area of the state.

She made the announcement at a rally under Rajasthan Gaurav yatra in Pratapgarh district today.

The chief minister said the government will waive overdue long-term loans taken from cooperative banks by small and marginal farmers of all categories in the TSP area.

The Tribal Sub-Plan (TSP) is a strategy for the rapid Socio-economic development of tribal people.

She also announced increase the loan subsidy from 5 to 7 per cent for the farmers who timely repay loans borrowed from cooperative land development banks.

(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)