Krishi Upaj Rahan Loan Scheme Rajasthan; Online Registration. Hello, everyone.. we have brought up the latest news about the state government Rajasthan. The Rajasthan government has recently introduced a new loan scheme for the farmers of the state. The name of this loan scheme is Krishi Upaj Rahan Loan Scheme 2017. The scheme is also known as the Agriculture product Deposit Loan scheme. Various types of schemes have been brought up by the Rajasthan government for the benefits of the farmers. But this scheme seems to be very much beneficial for the small and marginal farmers. The main benefits of this loan scheme will be provided to the farmers with the less annual income.
Krishi Upaj Rahan Loan Scheme 2017
Krishi Upaj Rahan Loan scheme is basically a short-term loan scheme. Under this scheme, the state government of Rajasthan will provide a loan of Rs. 1.5 lac to the small and marginal farmers. Whereas to the farmers of large scale, a loan will be provided up to Rs. 3 lac with an interest rate of 11 percent. Along with the state government of Rajasthan, the state Cooperative Minister Mr. Ajay Kilak is also in favor of the release of this scheme. The main objective of this scheme is to provide fair prices of the agricultural product of the farmers of the state.
As we all know that farmers do not have a regular monthly income by agriculture or by selling their yields. Sometimes the farmers also sell their products at a lesser price in case of fulfilling their family needs.
- The farmers can deposit their agriculture product with the state government and can get the short-term loan.
- This short-term loan is provided for 90 days (3 months) but can also be extended up to 180 days i.e. 6 months.
- The loan can also be extended up to six months in case of any special circumstances.
- The farmers who will repay their loan amount on time will also get a discount of 2 % on the interest rate.
- By this scheme, the farmers can meed up their immediate needs as on monthly basis.
Benefits of Scheme
We can also say that the main intention of releasing this Krishi Upaj Rahan Loan Scheme 2017 is to meet up the immediate needs of the farmers and their family. Rajasthan government has also taken various steps to increase the credit flow and for this, more and more farmers including small and marginal farmers are included within financial inclusion. The product which the farmers will deposit with the state government will be evaluated on the basis of the market value. From that market value, 70 % of the amount of the product will be provided as the loan amount. The interest rate on the loan amount will also be provided with the subsidized rates as so that the farmers can also lead up a better life.
So all the interested small and marginal farmers can apply for this short-term loan scheme to meet up their monthly needs. This is a great scheme introduced by Rajasthan government. As the scheme will also help the farmers to live their life with full standards. By the help of this scheme, the financial burden on small and marginal farmers will also be reduced. Whereas when the farmer’s lives will be uplifted then suicidal attempts and the suicide ratio of the farmers will also be decreased. So all the needy farmers must apply for this Krishi Upaj Rahan Loan Scheme.