A vegetable stall on Butcher Road in Shillong
A vegetable stall on Butcher Road in Shillong|EastMojo image
MEGHALAYA

Meghalaya farmers won't have to pay interest to banks for Mar-Aug: Minister

Agriculture dept's meeting with NABARD to discuss plight of farmers in repaying loans was fruitful, says agriculture minister Banteidor Lyngdoh

Princess Giri Rashir

Princess Giri Rashir

Shillong: Farmers being one of the worst-hit due to the coronavirus pandemic in Meghalaya, the department of agriculture on Wednesday held a meeting with the National Bank for Agriculture and Rural Development (NABARD) to discuss their plight in paying loans due to the banks.

The meeting was chaired by agriculture minister Banteidor Lyngdoh at the directorate of agriculture office in Shillong.

Addressing the media, Lyngdoh said that meeting was a fruitful one and NABARD had shown cooperation concerning the plight of the farmers in the state.

“The banks have agreed that from March till August no interest will be charged and opportunity will be given to them to pay the loan. This will be a relief for the farmers since due to the pandemic farmers are not able to sell their goods or make much,” said Lyngdoh.

The banks have also agreed to give time to the farmers to pay the loans due to the bank added Lyngdoh.

When EastMojo spoke to B Nongbri, one of the vegetable vendors on Butcher Road in Shillong, she said, "It’s a good initiative if the government is concerned of our issues because we are facing a lot of problems just trying to sell. There are days when it’s closed, then the goods are wasted, especially tomatoes get rotten easily. We’re glad that the banks are not going to charge interest.”

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