Big news for farmers: How to get 10 lakh loan to buy milch animals

Today, animal husbandry for farmers has become an important business for the economy along with farming. Through animal husbandry business, farmers get help to increase their economic income. Therefore, considering the farmers, government schemes have been made by the Madhya Pradesh government to give their animal husbandry business. Farmers can get good profits from the benefits of these schemes.

New schemes are always started by the central government for the benefit of the farmers. Along with that, now the state governments also make efforts to provide financial assistance to the farmers. In this episode, the Madhya Pradesh State Cooperative Dairy Federation has planned to provide an unguaranteed loan of up to 10 lakhs on the purchase of milch animals. For this scheme, the Government of Madhya Pradesh has tied up with State Bank of India. With this scheme, the bank officials themselves will come forward for the welfare of the farmers. The benefit of this will be directly to the farmers. SBI branches will give loans up to 10 lakhs to the farmers of the state for milch animals without guarantee, in which farmers can buy at least 2 to 8 milch animals.

According to sources, Madhya Pradesh State Cooperative Dairy Federation has signed an agreement with State Bank of India for loans for milch animals, in which 3 to 4 branches have been selected in every district of Madhya Pradesh to facilitate farmers’ loans. Through this loan, farmers can buy at least 2, 4, 6 and 8 milch animals.