STOCK MARKET BSE NSE

Centre to Give Interest-free Loans to Farmers: Paswan

Centre has decided to raise Rs 6,000 crore to provide interest-free loans to farmers so that they do not have to go to moneylenders and fall into debt traps, Paswan said.

Published: 11th June 2015 07:22 PM  |   Last Updated: 11th June 2015 07:22 PM   |  A+A-

By PTI

PATNA: The Centre has decided to raise Rs 6,000 crore to provide interest-free loans to farmers so that they do not have to go to moneylenders and fall into debt traps, Union Minister Ramvilas Paswan today said.

Under the proposed farm loan disbursal mechanism, the farmers will get loan without paying interest which will be borne by the central government, the Union Food and Consumer Affairs Minister said here.

Paswan was addressing a press conference to showcase the NDA government's achievements in its one year in office.

Defending the controversial Land Acquisition Bill, he said the proposed legislation was a boon for the people.

The landowners and the people at large stood to gain from the bill as those selling the land will get payment four times more than its market value and the land will be put to use for setting up industrial units for generating employment, he said.

On absence of a consent clause in the bill, he said it was not a new thing as the bill passed during the UPA rule too did not have such a provision.

Rubbishing the allegation of the Narendra Modi-government being 'anti-poor' and 'pro-corporate', he said pro-poor schemes like the Pradhan Mantri Jeevan Jyoti Bima Yojana, Jan Dhan Yojana, Mudra Bank and Atal Pension Yojana were launched for the poor people of the country.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp