Chhattisgarh government has distributed loans of Rs 543 crore to the farmers for the current kharif season. The state government has set a target of granting loans of Rs 1,000 crore to the farmers in this kharif season. Much to the respite of the farmers, the Chhattisgarh government has curtailed the rate of interest on farm loan to just three per cent.
According to official sources, the state government has disbursed loans to the tune of Rs 543 crore as of now. The loans are sanctioned from the primary cooperative societies of the state government for purchasing seeds, fertilizers, agriculture equipment and other items. Sources said that a sum of Rs 642.80 crore was distributed as loans to the farmers in the last kharif season in the state.