A moratorium on the repayment of loans to cooperative banks by farmers announced on the instructions of the Uttarakahnd Government in India and personally the Chief Minister of Trivendra Singh Ravat is one of the steps announced to assist people during the quarantine caused by Covid-19.
The government of the Indian state of Uttarakhand on Monday introduced a three-month moratorium on the repayment of loans issued by farmers in cooperative banks.
India ranks first in the world in milk production, but buffalo provide a large share, while production of cow's milk in volume in India is the second in the world.
Declared at the direction of the Chief Minister of Trivendra Singh Ravat, the moratorium is part of the measures taken by the state government to assist people working in agriculture, taking into account existing restrictions in connection with the coronavirus pandemic.
The moratorium on payments is subject to farmers who took agricultural loans from cooperative banks, the official statement said.
In state about 3.5 million farmerswho took loans from cooperative banks under various schemes.
- The Center approved an additional cost of $ 9.82 for the Cotton Corporation of India and $ 13.96 for the Marketing Federation of Cooperative Cotton Producers of Maharashtra to recover losses from the sale of cotton purchased during the cotton years 2014–2015 and 2015–2016.
- Water shortages could lead to a reduction in food exports from India, which has become the leading supplier of a number of food products in the world, the Minister of Water Resources of India warned.
- The vast areas of potato fields that began in Bengal on February 24 and ended only five days later after off-season long rains turned into continuous swamps.
