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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 CongressRead More