The government of Madhya Pradesh has provided loans amounting to Rs 9,000 crore to around 30 lakh farmers on zero percent interest rate in 2012. This step was taken by the government in order to make agriculture more profit-oriented. The state government has taken a number of key decisions under the leadership of Chief Minister to make agriculture profitable during the last nine years.
The crop loans were given at the rate of 15-16 percent interest to the farmers during the earlier regime but in 2003, the present BJP-ruled government reduced it to seven percent then to 5 percent in 2008, 3 percent in 2010 and zero percent in 2011 and 2012 for purchasing fertilizers and seeds, benefitting many farmers.
Besides, the percentage of recovery of loans in the cooperative sector has also increased to 78.04 percent in 2012. This can be credited to extension of crop loans to farmers at zero percent interest rate. Under another significant decision in the cooperative sector, over 45 lakh farmers were provided Kisan Credit Cards.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: