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The state government has extended the crop loan repayment deadline, benefiting 2.19 lakh farmers. Avoid penalties and get interest-free loans for Kharif 2025.
The loan repayment deadline has been extended to June 30, 2025.
Over 2.19 lakh farmers will benefit from this decision.
Avoid Rs 778 crore in overdue loans and penalties.
Interest-free loans help farmers buy seeds, fertilizers, and pesticides.
Cooperative banks will distribute new loans for Kharif 2025.
The state government has provided major relief to farmers by extending the last date for depositing the short-term interest-free crop loan distributed in Kharif 2024. This decision aims to support over 2.19 lakh farmers, helping them repay their loans without any financial burden. The Finance Department has also approved this extension, ensuring that eligible farmers continue to benefit from the interest subsidy scheme for Kharif 2025.
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Farmers who availed loans for Kharif 2024 through Primary Agricultural Credit Societies (PACS) or Large Area Multi-Purpose Societies (LAMPS) from Central Cooperative Banks can now deposit the loan amount by June 30, 2025, or within 12 months from the loan disbursal date, whichever is earlier. Initially, the deadline was set for March 31, 2025, but following demands from farmers, the government has extended the repayment period.
Without this extension, around Rs 778 crore in loans would have become overdue, affecting 2.19 lakh farmers. This would have prevented them from availing future interest-free loans and incurred a 2% penalty on overdue amounts. The extension allows farmers to repay their outstanding loans smoothly and avoid additional charges.
The Rajasthan government provides interest-free crop loans to farmers before the Rabi and Kharif seasons. Farmers only need to repay the principal amount within the stipulated period. This scheme ensures financial support for purchasing seeds, fertilizers, and pesticides without additional interest costs. However, failure to repay on time results in interest and penalties as per the bank's rules.
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With the Rabi season ending, preparations for Kharif 2025 crop loans have begun. The Cooperative Department will distribute interest-free loans to around 30 lakh farmers through Gram Seva Cooperative Societies. District-wise cooperative banks will enroll new members and disburse loans based on government guidelines. The interest cost will be shared, with 3% borne by the Central Government and 4% by the State Government.
Farmers can apply for short-term crop loans at cooperative banks and village service cooperative societies. New members must submit land records (Jamabandi), a bank passbook, and a Jan Aadhaar card. Existing members with pending loans must clear their dues before applying, as defaulters are ineligible for new loans.
Several cooperative banks provide interest-free crop loans, including:
State Cooperative Banks
District Central Cooperative Banks
Primary Agricultural Credit Societies (PACS)
Additionally, other cooperative banks involved in agricultural financing include:
Co-operative Land Development Bank
Adarsh Co-operative Bank
Rajasthan Urban Co-operative Banks Federation Ltd.
The Rajasthan State Co-operative Bank Ltd.
The Jaipur Central Co-operative Bank Limited
The Pali Central Co-operative Bank Limited
Rajasthan State Co-operative Consumers Federation Ltd.
Rajasthan Co-operative Dairy Federation Limited
Rajasthan State Co-operative Printing Press Limited
Fingrowth Co-operative Bank
For districts like Dholpur, Karauli, Pratapgarh, and Rajsamand, cooperative banking services are managed by Bharatpur, Sawai Madhopur, Udaipur, and Chittorgarh Central Cooperative Banks, respectively.
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This extension offers significant relief, ensuring farmers can repay loans on time and continue benefiting from interest-free credit for upcoming seasons. It also prevents financial stress, supports agricultural productivity, and helps farmers maintain eligibility for future government schemes and loans.