Assam govt to repay 25% of farmers’ loans

Guwahati (Assam) [India], Dec 19 (ANI): Assam Chief Minister Sarbananda Sonowal said the state cabinet will provide 25 per cent of loan amount upto Rs 25,000. In a cabinet meeting held on Monday at Guwahati, the state government approved four per cent interest waiver on Kisan Credit Card (KCC) loans (in addition to 3 per cent provided by the central government). This 7 per cent waiver will enable farmers to take loans at zero interest, Sonowal said. For setting up a new jute mill in Nagaon, the Cabinet approved a loan of Rs 32.72 crore from the National Cooperative Development Corporation. The Cabinet also approved the formation of a Ministry of Micro, Small and Medium Enterprises Facilitation Council to address issues of the entrepreneurs. (ANI)

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