Home Articles MP transfers cash directly to farmers, earns additional borrowing capacity

MP transfers cash directly to farmers, earns additional borrowing capacity

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Madhya Pradesh has become the first state to implement the direct cash transfer of power subsidy to farmers as stipulated by the Union finance ministry under the Aatmanirbhar Bharat (Self-reliant India) stimulus package. This has earned the state an additional borrowing capacity equivalent to 0.15% of its gross state domestic product (GSDP) in the current financial year, two officials said.

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