Ujjain: A district-level technical committee meeting on Monday has decided on an increase in the crop cultivation loan limit for farmers. The meeting was attended by chairman of district cooperative bank, Kishan Singh Bhatol, collector, Sanket Bhondve, additional collector, Basant Kurre, Manoj Jaiswal, farmers’ representative, Moti Singh, Manager of National Bank for Agriculture & Rural Development, Deepak Khorpade, RK Tiwari and officers of the department concerned.

The limit for chickpea crop has been increased from Rs 25,000 to Rs 45,000 per hectare of land, while that for wheat and soybean has been increased to Rs 45,000. For vegetables like okra, pea, cauliflower and garlic, farmers can get loans more than the prior limit. More vegetables and flowers have been added to the list for which farmers can now get loans. These including Kalonji, Tulsi, Marigold, Dutch Rose and others.

Currently private Banks lend money at an interest rate of 4 percent and cooperative banks at zero per cent. Collector Sanket Bhondve also instructed all farmers to obtain Rupay credit cards and government run insurance policies.

(To download our E-paper please click here. The publishers permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal