Govt extends crop loan repayment date till Aug 31

The government on Monday decided that farmers who availed short-term crop loans at a concessional rate of 4% per annum and missed their repayment after March 1, can now repay by August 31 without paying any penalty. The decision, taken by the Cabinet headed by PM Modi, to extend the loan repayment date will help farmers in avoiding travelling to banks for renewal or repayment of loans.

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