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Quick answers: insurance premium, loan interest and land size.
You pay (approx.)
₹1,000
The government pays the rest. Sum insured per acre is fixed by your district – check pmfby.gov.in.
Interest at 4% a year
₹4,000
Total to repay: ₹1,04,000
Concessional rate applies to short-term crop loans within the scheme limit; above it, your bank's rate applies.
100
Cent
0.405
Hectare
18.15
Ground
43,560
Square feet
4,046.86
Square metre
1 acre = 100 cents = 43,560 sq ft · 1 ground = 2,400 sq ft