Loan Without Guarantee: Farmers have got a big relief from the government in the new year. Under this relief, farmers will now be able to get a loan of up to Rs 2 lakh without guarantee. Along with this, farmers are also likely to get benefits in the 19th installment of the Pradhan Mantri Kisan Samman Nidhi Yojana and the crop insurance scheme. Let us know in detail about the relief to be given to farmers this year.

You will get a loan of Rs 2 lakh without guarantee

The central government has increased the limit of loan without guarantee for farmers. Now farmers will be able to take a loan of up to Rs 2 lakh without any guarantee. Earlier this limit was Rs 1.60 lakh, which has now been increased to Rs 2 lakh. With this decision, farmers will be able to get more financial assistance for agricultural work.

waiting for 19th installment

Under the Pradhan Mantri Kisan Samman Nidhi Yojana, the government gives 6 thousand rupees to the farmers every year. This amount is distributed in three installments, and so far the government has released 18 installments. Farmers are now waiting for the 19th installment, which can be released in February. More than 13 crore farmers of the country will benefit from this installment.

Crop insurance scheme will get strength

The government has approved Rs 69,515 crore under the Pradhan Mantri Fasal Bima Yojana. This amount will be available to protect farmers from the risk of damage to their crops due to natural disasters till 2025-26. This will help farmers avoid losses caused by natural disasters occurring every year.

Affordable prices of DAP fertilizer

The central government has decided to provide DAP fertilizer to farmers at a cheaper rate. A 50 kg bag of DAP will now be available for Rs 1,350, which used to be more expensive earlier. With this decision, farmers will get the fertilizer required for farming at cheaper rates, which will reduce their cost.

New year, new hopes

These decisions have brought great relief to the farmers in the first month of the new year. These steps taken by the government can improve the economic condition of the farmers, and they will be able to easily get the resources required for farming.