Lucknow: In financial encouragement to the agricultural sector, the state government on Monday decided to assist the farmer producer organization (FPO) in obtaining loans from banks in addition to the assistance paid.
Issued government orders, additional Secretary (Agriculture) Devesh Chaturvedi said that the FPO has provisions to get working capital under the center direction.
He said FOS faced the financial crisis due to lack of stock capital and the number of members who were lacking.
This results in a problem related to the purchase of raw materials and other necessary equipment.
Chaturvedi said that currently, commercial, cooperative, schedule and regional banks provide loans to FOS at a 9-11% level to carry out commercial activities.
ACS said that now the state government has decided to facilitate the FPO with a loan of up to RS 5 Lakh with an interest rate of 4%.
According to the government’s orders, the FPO will be asked to have the power of at least 150 members.
Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…
Sonīpat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…
PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…
Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…
Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…
Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…