Bhopal
CM Dr. Mohan Yadav has made a big announcement for farmers in MP. He has said that the state government will bear the interest of the loan amount of farmers’ cooperative banks. The delegation of the Bharatiya Kisan Sangh met CM Dr. Mohan Yadav. Union officials made some suggestions in the land acquisition amendment draft case and raised the matter of farmers who were defaulted due to lack of loans from cooperative banks till 31 March. On this, Chief Minister Dr. Mohan Yadav said that the government will pay interest of farmers, they do not need to worry.
The delegation of the Bharatiya Kisan Sangh apprised the CM about the farmers’ concern in the case of the land acquisition amendment draft of the state government. The Kisan Sangh told CM Dr. Mohan Yadav that there should be no land acquisition without the advice of farmers and without taking them into confidence.
In front of the three provinces of the Bharatiya Kisan Sangh, the state officials and the All India officials, the state officials gave the presentation of the Madhya Pradesh Nagar and the Village Investment (Amendment) Bill 2025. After this, the Kisan Sangh gave suggestions before the CM.
Government will pay interest of 2025 defaulter farmers
The Kisan Sangh also raised the issue of farmers who were defaulted due to non -payment of loans of cooperative banks till 31 March. On this matter, CM Dr. Mohan Yadav told the Kisan Sangh that farmers do not need to worry about it. The state government will pay interest of cooperative banks of such farmers.
There are a total of 4523 primary agricultural credit cooperative societies in Madhya Pradesh. With these committees, farmers are given a cooperative bank loan for fertilizer, seeds and other agricultural works. The special thing is that this agricultural loan is of zero percent interest rate, that is, farmers get a loan without interest, but if the farmers become defaulters, then interest starts. Due to the high interest amount, the farmer gets upset. Farmers who do not repay the loan within the stipulated period, the committees collect the penal interest along with the Aadhaar rate.
