Bhubaneswar: The central government has announced that the agricultural and MSMEs will get 3 lakh crores of loan to revive their businesses. The MSMEs which have been facing losses will get Govt aids.The cabinet minister Prakash Jawdekar has said this in a press brief after the cabinet committee meeting.
The fisheries will get twenty thousand crores for their loss recovery. There will be new recruitments in the field of agriculture and MSME. People from both urban and rural areas will be benefited under the scheme. Animal husbandry will get fifteen thousand crores of aid.
Union agriculture minister Narendra Singh Tomar mentioned that there has been sound agricultural production in the country even during adversary situations. Therefore, its necessary to provide additional aid and financial support to the agriculture as well as small MSMEs. It is necessary to give the industries a new turn to increase and encourage the productivity.The farmers will get the due deadline extended till August 31 for repaying their loans. There are 6 crores MSMEs which have a pivotal role in the economy of the country, said the Minister. The farmers will have to pay 2 percent interest in upto 3 lakhs loans.