The State Cabinet on Tuesday decided to continue the loans at zero per cent interest rate by primary credit societies through cooperative banks in 2014-15. As per the decision, zero per cent interest rate will be applicable for farmers who would repay loans regularly and timely by the due date (March 28 for Kharif crops andJune 15, 2015 for Rabi crops).
Farmers not repaying loans by the due date March 28 for Kharif crops and June 15, 2015 for Rabi crops would pay 3 percent interest from the date of loan deposit farmers’ bank accounts till due date of payment. loans at commercial rate will be provided from the due date till date of payment of loan. The state government will provide 6 percent interest subsidy on base rate 11 percent from issuance till date of loan payment in case of Kharif crops and during period of due date for Rabi crops.
The Cabinet also sanctioned seven posts for establishment of district-level office of Mineral Resources Development Department in newly constituted Agar-Malwa district. These include one post each of Mining Officer, Mining Inspector, assistant grade-2, assistant grade-3, assistant draughtsman, surveyor and peon. The Cabinet decided to provide second higher time-scale to assistants grade-3 and personal assistants working in establishment of High Court at par with Mantralaya.
The Cabinet sanctioned opening of 20 new post-matric hostels of Tribal Welfare Department and creation of 100 posts for them. The Cabinet sanctioned filling up vacancies of 3 managers in Public Service Agency Autonomous Body of Public Services Management Department through contract or deputation.