For agriculture development, this would be a big bonanza to farmers in Rajasthan as the state government would provide 5 percent subsidy on interest rate on long-term cooperative loans, the Minister cited in a release.

Thousands of farmers applying for cooperative loans from Land Development Bank would be benefited, he added.

Thirty-eight Primary Cooperative Land Development Banks used to provide long term loans to farmers at the interest rate of 14 percent, and the state would provide 5 percent subsidy on their interests, he cited, adding the state government has earmarked a budgetary support of Rs 30 crore for this purpose.

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