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

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.