The interest collected on a Crop Loan cannot be claimed as an exemption by the loan provider. This is because the condition of ownership of land is not essential and holds true only if the assessee has an interest in the land. The loan provider may not have an interest in the land as he/ she would be providing a loan as an ordinary business. The farmer who receives the crop loan, on the other hand, can use the loan as a tax deduction when calculating his/ her tax liability.