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State of Rajasthan - Section

Section 10 in Rajasthan Agricultural Loans (Taqavi) Rules, 1958

10.

A loan bears interest for the month of advance but not for the month of repayment. Interest shall be calculated to the nearest Naya Paisa on the monthly basis. In calculating interest, period of 15 days or less shall be left out of account and period exceeding 15 days shall be counted as a full month.Powers of Revenue Officers to grant Taqavi loans