Bihar To Provide Interest-Free Loans To Farmers

The Bihar government has announced that state cooperative banks will soon provide interest-free, short-term agriculture loans to farmers. The initiative aims to meet the financial requirements of farmers for agricultural and allied activities, including post-harvest expenses.

Strengthening Primary Agricultural Credit Societies

In order to strengthen the Primary Agricultural Credit Societies (PACS), the state government has decided to develop them as Common Service Centres (CSCs). These CSCs will provide 300 common services to people in rural areas. Work to develop 1,000 PACS as CSCs has already started.

Support for Small and Marginal Farmers

Speaking at an event to mark the 70th All India Cooperative Week 2023, Bihar Cooperative Department Minister said the ‘Mahagathbandhan’ government in the state has taken several steps for cooperatives as well as farmers. He emphasized the important role played by small and marginal farmers in the overall development of the state and announced that several incentives will soon be introduced for them.

The Bihar government’s initiative to provide interest-free loans to farmers is a welcome step that will help reduce the financial burden on farmers and support their agricultural activities. The development of PACS as CSCs will also provide much-needed services to people in rural areas. The government’s focus on supporting small and marginal farmers is commendable and will contribute to the overall development of the state.