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Friday, December 28th, 2018

 

Zero interest on timely crop loan repayment as new year gift by Narendra Modi

Zero interest on timely crop loan repayment as new year gift

In a bid to address farmers’ distress ahead of 2019 general elections, the PM Narendra Modi is considering waiving interest on crop loans for farmers who pay on time, costing an additional Rs 15,000 crore to the exchequer, according to sources. There is also a proposal to completely waive premium for taking insurance policy for food crops. The premium on horticultural crops could also be reduced, they said.  The ruling BJP government has swung into action to address distress in the agriculture sector after it lost power to the Congress…


P Chidambaram Asks Where’s The Money, BJP Plans Big Farm Package After Drubbing in Heartland

P Chidambaram Asks Where's The Money after BJP Drubbing in Heartland

The government’s likely to announced of incentives to boost rural income will come following feedback given by BJP leaders and MPs, besides other stakeholders, they added. The government may announce the new set of measures for farmers before the end of the winter session of Parliament. Party sources said Prime Minister Narendra Modi held discussions on a wide ranging farm relief plan with finance minister Arun Jaitley, BJP chief Amit Shah and agriculture minister Radha Mohan Singh. The timing is significant as it came soon after the BJP was defeated…