Loan to small farmers to be written off

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Loan to small farmers to be written off

December 14: The government has decided to write off the loan the small farmers had taken from the then Sajha Cooperatives.

According to Rastriya Samachar Samiti (RSS), the interest incurred from the loan has accumulated to more than one billion rupees at the Agriculture Development Bank. With the government decision to write off the loan, more than 650 families would be benefitted.

Minister for Communications and Information Technology and government spokesperson Gokul Baskota shared it at a weekly press brief on Thursday, according to the state-run news agency.

Minister Baskota further said that the council of ministers recently decided in principle to give consent  to launch the programmes of Rural Self-Entrepreneurship Fund through the small farmers’ micro finances.

The government has also decided to issue a notice for the public to not use Indian currency notes of 200, 500 and 2000 denominations because India has banned it.

 Meanwhile, the government has decided to provide 101 households with compensation for their lands acquired for the construction of the Kathmandu-Tarai fast track, according to Minister Baskota.

 

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