Itanagar: Arunachal Pradesh Agriculture Minister Tage Taki has urged the banks to disburse loans and subsidies to farmers and entrepreneurs without undue delay and hassles.
Chairing a district consultative committee and district-level review committee meeting in Lower Subansiri recently, Taki said, “The Atmanirbhar Yojana designed for agriculture and horticulture farmers are forehanded subsidy schemes, which need to be disbursed on time in order to avoid loss in business and production as the produces are seasonal in nature.”
“This forehanded subsidy scheme has been initiated by the state government in the interest of the farmers, and the banks should not charge any interest from the farmers during the grace period of loans as the same is paid by the government,” he added and admonished the banks for charging interest from day one of their loans without releasing the government’s subsidy and loan components in their totality.
The minister advised the banks and implementing departments to prepare a “prior checklist of all the documents required to be submitted by farmers and entrepreneurs in order to avoid undue delay in releasing the loans and subsidies by banks”.
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