One of the important schemes of the Arunachal Pradesh government is the Chief Minister’s Krishi Rinn Yojana (CMKRY) project. It was started in 2017. It was launched with the objective of giving interest-free loans to farmers so that by taking that loan, they can do farming properly. Encouraging marginalised or small farmers in agriculture is another objective of this scheme.
Let us see who comes under this scheme and other important information related to it.
Objectives of Chief Minister’s Krishi Rinn Yojana
- So that farmers can take interest-free loans while farming. In this way, the burden on small and marginal farmers will be reduced a lot.
- Farmers are encouraged to take loans from banks, not from private individuals. If they take loans from private investors, the interest is much higher.
- So that farmers can do farming properly, and if farmers develop, then the entire Arunachal Pradesh will also develop.
- Agricultural products will be produced in larger quantities.
- Farmers can buy fertilisers, seeds, and other farming materials without any problem. In this way, the government wants to make the rural economy much stronger.
Eligibility Criteria
The farmer must be a permanent resident of Arunachal Pradesh. Must be actively involved in farming work. Those who apply must have a KCC or a Kisan Credit Card. The loan must be taken for short-term purposes. The farmer must show proper proof of the cultivation he does. The loan must not be taken privately; it has to be taken from a recognised bank of Arunachal Pradesh. To get more benefits, the loan must be repaid on time every year.
Benefits of this Scheme
- If the loan is repaid on time, then they will get the loan again, and that too will be interest-free.
- The burden on small farmers will be reduced a lot.
- They will not have to take loans privately from others at very high interest.
- Farmers will not have to worry about where they will get money to buy agricultural materials.
- It encourages farmers to properly use banks.
- When farmers have less stress, they will focus more on farming work, and agricultural production will increase a lot.
- Rural development of Arunachal Pradesh will become stronger.
Achievements of this Scheme
Since it started in 2017, thousands of farmers have been given loans. Many small and medium farmers have received interest-free loans. The use of the Kisan Credit Card has increased a lot in Arunachal Pradesh. Farmers are no longer dependent on others for money. Because of all this, banking services have improved a lot in rural areas. By reducing the loan burden of farmers, their production has increased a lot, and rural development has also improved greatly.
FAQs
1. Does the applicant have to be a permanent resident of Arunachal Pradesh?
Yes, the applicant must be a permanent resident of Arunachal Pradesh and must also have a Kisan Credit Card.
2. How much loan will be given?
Farmers can get a loan of up to 3 lakh rupees.
3. Does the farmer have to pay interest while repaying the loan?
If the farmer repays the money on time, then no interest has to be paid.