Farmers to get interest-free loans

Decision follows deluge: Minister

January 05, 2019 11:23 pm | Updated 11:23 pm IST - KALPETTA

Agriculture Minister V.S. Sunil Kumar has said the government has decided to provide interest-free loans to all farmers in the State.

Addressing a meeting of the district agriculture development committee here on Saturday, Mr. Sunil Kumar said the government had taken the decision in the wake of the recent deluge and its impact on the agriculture sector.

Many farmers were yet to get deserving compensation for their crop loss in the calamities as they had failed to insure their crops, Mr. Sunil Kumar said adding that farmers’ organisations and officials should sensitise the farming community on the significance of crop insurance.

‘'The services of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) can be utilised for all agricultural works,’’ Mr. Sunil Kumar said. All grama panchayats should prepare a labour budget for the purpose, the Minister said.

The Legislative Subject Committee on Agriculture, Animal Husbandry and Fisheries would hold a sitting on January 21 in the district to collect evidence on invoking the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act to recover loans given to farmers by some banks. C.K. Saseendran, MLA, presided.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.