BJP offers loan at 0% interest to Gujarat farmers

Gujarat chief minister Vijay Rupani, on Monday, announced loans up to Rs 3 lakh to farmers at zero per cent interest, a move likely to benefit over 25 lakh farmers. At present, Gujarat has a 7% interest on farm loans out of which 3% interest relief is given by the Centre and 3% by the state, bringing the effective interest rate to be paid by farmers at 1%.

from Times of India http://ift.tt/2ysGVz6