3-month moratorium on repaying loans to cooperative banks for farmers in Uttarakhand

Announced on directions of CM Trivendra Singh Rawat, the moratorium is among the steps announced to give relief to people during the Covid-19 lockdown.

A farmer working in a field | Representational image | Dhiraj Singh | Bloomberg

Dehradun: The Uttarakhand government on Monday put a three-month moratorium on repayment of loans by farmers to cooperative banks.

Announced on the directions of Chief Minister Trivendra Singh Rawat, the moratorium is part of measures being announced by the state government to give relief to people in view of the prevailing restrictions due to the coronavirus pandemic.

The moratorium can be availed by farmers who have taken agricultural loans from the cooperative banks, an official release here said.

There are around 3.5 lakh farmers in the state who have taken loans from the cooperative banks under different schemes, it said.