Indore: Indore district’s 22,479 farmers will benefit under the Chief Minister Loan Settlement Scheme. Under the scheme, their interest will be waived off after paying capital of the certain loan amount.
The state government has introduced a new scheme for loan defaulting farmers. Under this scheme, the farmers who deposit 50% of their outstanding amount till June 15, 2018, will be included in the eligibility list of the scheme. Under the scheme, the entire interest of farmers depositing the remaining 50% of the principal amount will be waived.
A minimum deposit of 50% of outstanding principal amount is mandatory on the date on which the settlement is to be made for disposal of outstanding loans. The amount can be deposited till June 15, 2018.