Rajasthan govt to offer interest-free loans to 100K non-agri rural families

Jaipur, Oct 14 (KNN) The Rajasthan government under the Rural Family Livelihood Loan Scheme has decided to provide interest-free loans for non-agricultural works to 100,000 families residing in rural areas of the state for the past five years.

The state government has set aside Rs 2,000 crore for the Loan Scheme. It will give an interest subsidy of Rs 100 crore for such kinds of loans, which will be provided by commercial banks (55,158, rural families) regional rural banks (36,741), the cooperative banks (5,949), and small finance banks (2,152).

Speaking about the state’s decision regarding interest-free loans, Cooperative Minister Udailal Anjana said many families in the rural areas along with agriculture and animal husbandry were dependent on non-agriculture activities, such as handicrafts, weaving and knitting, colouring and printing, etc.

“This scheme would help the families of small and marginal farmers and landless labourers who are doing farming as tenants, verbal leasees, sharecroppers, etc,” he said.

As per reports, besides, Rajeevika’s self-help groups, producer groups, and personal members of commercial groups will be provided loans for collective activities. A maximum of 10 members of each group would be given the loan with the maximum amount Rs 2 lakh. 

The cooperative minister said the local unit of Rajeevika would select the eligible beneficiaries fr0m these groups and recommend the committee chaired by the district collector.

The approved credit limit will be renewed every year. After the completion of one year, the beneficiary would get a fresh credit limit on depositing the outstanding amount in the account.

The state government will continue to give interest subsidies for the coming years in this scheme.   (KNN Bureau)