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Will waive overdue loans of Tribal Sub-Plan area's farmers: R'sthan CM

Press Trust of India  |  Jaipur 

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 Gaurav yatra in district today.

The 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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 09 2018. 22:20 IST