Himachal govt to bear 50% interest burden on defaulted farm loans

In a major relief measure for farmers facing financial distress, the state government has decided to launch the 'Agriculture Loan Interest Subvention Scheme'. The scheme will provide assistance to farmers whose agricultural land is at risk of auction due. Under this initiative, the government will bear 50% of the outstanding interest liability on agricultural loans up to ₹3 lakh per farmer.