The State Government has provided a total of farm loan of Rs 5077.41 crore in 2015 Kharif season and Rs 3,704.14 crore in 2015-16 Rabi season.
Cooperation Minister Dr Damodar Rout informed this in the State Assembly on Wednesday in response to a question of BJD MlA Dr Ramesh Chandra Chyaupatnaik.
The Minister said both the Union and State Governments have provided interest incentive. Farmers were provided loans at 5 per cent interest rate in 2015 but those having record of making regular repayment were provided loans at 2 per cent interest only.
The State Government has decided to provide 1 per cent more interest incentive to those who have taken loans upto Rs 50,000 during 2015-15 Kharif season and will repay loans on time.
He further informed that recovery of loans, given during the 2015 Kharif and 2015-16 Rabi seasons, from farmers in drought-hit areas has been put on hold.