Assam government has announced three schemes for the welfare of farmers. The schemes are the Assam Farmers’ Credit Subsidy Scheme (AFCSS), Assam Farmers’ Interest Relief Scheme (AFIRS) and Assam Farmers’ Incentive Scheme (AFIS).
The state Finance Minister Himanta Biswa Sarma stated that all three schemes will cover five lakh farmers in the first phase.
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.
On AFIRS, the Minister Stated that 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.
About AFIS, Mr. Sarma stated that the government is focusing on bringing back the defaulting farmers into the banking system.
Source: News on AIR