Centre to give interest-free loans to farmers: Paswan

June 11, 2015 18:24

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 in Patna today.

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.

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