Assam government launches credit subsidy, interest relief scheme for farmers
Published: December 21, 2018
In order to mark the 125th anniversary of the Battle of Patharughat, the Assam government has announced three schemes – Assam Farmers’ Credit Subsidy Scheme (AFCSS), Assam Farmers’ Interest Relief Scheme (AFIRS) and Assam Farmers’ Incentive Scheme (AFIS) – for the welfare of farmers. On 28th January 1894, approx 140 peasants were killed in an unprovoked police firing while protesting against enhanced revenue. Hence, Patharighat is also known as Assam’s Jallianwala Bagh. Under ‘AFCSS’, whatever amount of loan the farmers took from banks and whatever amount they repaid, 25% of the money will be reimbursed by the state government. Under ‘AFIRS’, currently 3% of the 7% interest against farm loan is paid by the Central government and the remaining 4% is required to be paid by farmers. The state government has decided to pay the remaining 4% loan to give relief to the farmers. Under ‘AFIS’, the state government will pay a one-time cash incentive up to Rs 10,000 for activating the inactive KCC accounts provided the farmers deposits the outstanding loan amounts.
Category: Government Schemes Current Affairs