Rajasthan Interest-Free Loan Scheme for Farmers – Vyaj Rahit Kisan Loan Yojana | Apply Online
The state government of Rajasthan is giving the facility of an interest-free loan to the farmers of the state. CM of state launches the new scheme to fulfil the initiative in the welfare of farmer. Farmers are the backbone of our country. Hence, the welfare of our country is fully depending on our farmers. State government time to time launches many schemes relating to farmers loan. Rajasthan government also takes the important initiative in the welfare of farmers.
Financial Assistance to the Farmers of the State
Under the scheme, the state government is taking objective to providing financial assistance of up to Rs. 75,000 Crore to farmers within next one and a half years. Rajasthan government already give the help of 55,000 Crore to the farmers in the form of Interest-free loan in the last three years. At the occasion of Global Rajasthan Agritech Meet (GRAM) in Udaipur, CM has announced the interest-free loan scheme for the farmers. The GRAM is organized in Udaipur by the state government with the help of FICC.
Rajasthan Sarkar Interest-Free Loan Yojana – Vyaj Rahit Karz Yojana
Government will reduce the Interest Rate on Farmers Loan
At that time, the government also stated that the co-operative banks and land development banks are also taking the initiative to reduce the interest rate on the loans of the farmers. Both banks and government will work together to fulfill the objective of Rajasthan Interest-Free Loan Scheme. From the official sources, it is also stated that in the recent time interest rates will also reduce to as low as 5.5 percent. This is the really good news for the farmers of Rajasthan. According to the recent notification, farmers will also get the Rs. 6 Lakh Insurance under the Co-operative Sector Bima Yojana. The amount will shortly increase by Rs. 10 Lakh.
Loan: Major Source to pay the expense for the farmers
The Scheme is really decreased the financial burden on the farmers of the state. The Vyaj Rahit Kisan Loan Yojana is a great initiative for the welfare of farmers of the state. Hence it is the duty of every state government they will provide some financial assistance schemes for the welfare of farmers. Therefore, to fulfill the needs of farmer welfare sector state government is launching the interest-free loan schemes.
Avoid High Rate of Interest from Mediators
The loan is become wide to use at the expense of the agriculture. It becomes the need of every farmer in the state. With the help of loan facility, they will able to occur the expense of their agriculture production. But there are many dealers and thirds persons are present in the market who offers the high rate interest loan facility to the farmers. Hence, the government is launching this scheme to fulfill the needs of the farmers and avoid the entire mediator. If farmers are directly connected with the government and co-operative banks they are no need to pay high-interest rate.
How to Apply for Zero Interest Loan Scheme for Farmers of Rajasthan
Government is not announced yet for the process of applying for interest-free Loan Scheme. However, they will release the official notification in the application process of the scheme.