Narendra Damodardas Modi (born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. He was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament for Varanasi. Modi is a member of the Bharatiya Janata Party (BJP) and of the Rashtriya Swayamsevak Sangh (RSS), a Hindu nationalist volunteer organisation. He is the first prime minister outside of the Indian National Congress to win two consecutive terms with a full majority and the second to complete five years in office after Atal Bihari Vajpayee.
Decision influenced by the fact that many farmers are not able to travel to bank branches for payment of their short term crop loan dues during lockdown The Union Cabinet chaired by Prime Minister Narendra Modi on Monday has given its approval to extend repayment date upto 31 August, 2020 for standard short-term loans up to ₹3 lakh advanced by banks for agriculture and allied activities.
The facility is for loans that are due or shall become due between 1 March, 2020 and 31 August, 2020. The government said that the move shall help the farmers to repay/renew such loans upto the extended repayment date of 31 August, 2020 at 4% p.a., interest without attracting any penalty and thus help them in avoiding travelling to banks for such renewal