Bhopal: The Madhya Pradesh Cabinet, which met here on Thursday under the chairmanship of Chief Minister Mohan Yadav, approved continuing the short-term scheme for interest-free loans for 2025-26 to encourage farm productivity.

Crop loans will be provided to farmers through cooperative banks.

"The state cabinet has decided to continue the scheme further and under which the current year, the state has a target to disburse Rs 23,000 crore under the zero-per cent crop loan scheme for the farmers. The farmers can get a maximum of Rs 3 lakh farm loan," Rajendra Shukla, Deputy Chief Minister, said here after the cabinet meeting.

The state government will give a 1.5 per cent (general) interest subsidy to all the farmers getting crop loans and 4 per cent incentive (additional interest subsidy)

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