Principal Secretary, Cooperative Department Shreya Guha held a meeting with the Managing Directors of Central Cooperative Banks on Monday at Apex Bank Auditorium, Jaipur. During this, he said that 1.29 lakh new farmers have been given crop loans totaling Rs 233 crore. Along with this, by March 2023, 3.71 lakh new farmers will be associated with cooperative societies and they will be given crop loans. At the same time, in the meeting, along with the distribution of crop loans to the Managing Director of Apex Bank, he informed the weekly about new farmer members associated with cooperative societies. review Also instructed to do.
Guha said that giving agriculture and medium term loans to eligible farmers should also be a priority. Along with this, the distribution process of these loans has to be made easier for the farmers by using NABARD programs, so that their local needs can be met. According to him, till November 25, 26.92 lakh farmers were given crop loans worth Rs 12,811 crore without interest.
Also provides skill-based training of 45 days
The Principal Secretary (Cooperative) said that the Central and State Governments are making efforts to connect crop growers with the agri-business model ie businesses related to agriculture. For this, Agri Clinic-Agri Business Center scheme is also being run, under which NABARD and other financial institutions give loans at cheaper rates. In such a situation, by taking advantage of this program, apart from farming, farmers can run agricultural start-ups or other related businesses. The best part is that before starting the subsidy and agribusiness, the government also provides 45 days of skill-based training to the applying farmer.
Financial assistance can be availed between Rs 25 lakh
He said that earlier farmers were able to get loans from cooperative banks of the country only for projects related to agriculture. Getting loans for projects other than agriculture used to be very challenging, but now starting an agribusiness can get financial assistance from NABARD (National Bank for Agriculture and Rural Development) between Rs 20-25 lakhs.
44 percent interest subsidy is available
The central government also provides interest subsidy of 36 to 44 percent to reduce the loan burden under this scheme, which are among the key features of the scheme. If a group of five applicants apply under this programme, loans up to Rs 1 crore can be provided. This program provides 45 days skill training to deserving farmers, young entrepreneurs and professionals. As per the rules, general category applicants get 36 per cent interest subsidy, while SC-ST and women candidates get 44 per cent interest subsidy.
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