Agriculture World

Agricultural Produce Living Loan Scheme: Farmers to Get Rs 50 Crore Every Year & Rs 3 Lakh Loan; Applying Link Inside

Tooba Maher
Tooba Maher
Pic Credit: Financial Express

Krishi Upaj Rahan Loan Yojana: This scheme has been started by Rajasthan Chief Minister Ashok Gehlot to give loans up to Rs 1.5 lakh to farmers. Under Krishi Upaj Rahan Loan Yojana or Agricultural Produce Living Loan Scheme) loans will be provided to small and marginal farmers of the state at low interest rates. This scheme will make farming easier for small and marginal farmers.

Loan of up to Rs 1.5 lakh will be made available to small and marginal farmers by the government. Besides, a loan of up to Rs 3 lakh will be made available for large-scale farming works at the rate of 11%. Let us give you some important information of Krishi Upaj Rahan Loan Yojana (Agricultural Produce Living Loan Scheme)

What is the Agricultural Produce Living Loan Scheme?

Under this scheme, small and marginal farmers of the state have to return only 3 percent of the loan to the bank. The remaining 7 percent interest of the loan will be borne by the state government. Agricultural Produce Living Loan Scheme has been implemented in all the districts of the state, for which online application has to be done.

It is to be noted that the state government will give a grant amount of about Rs 50 crore every year. But, the farmers will be able to take advantage of it who have less than 2 hectares of land.

Objective of Agricultural Produce Living Loan Scheme

  • Strengthening the country's economy in Corona and lockdown.

  • The quality of agriculture can be increased.

  • Income of farmers will be increased.

  • Providing a fair price for agricultural produce.

  • To make farmers self-sufficient and empowered.

Benefits of Agricultural Produce Living Loan Scheme

  • Farming is easy for small and marginal farmers.

  • A loan of 5 lakh rupees will be provided by the government to small and marginal farmers.

  • Loans up to Rs 3 lakh will be provided to large-scale farmers at 11 percent interest.

  • There will be a discount of 2 percent on interest on timely repayment of the loan.

  • Small and marginal farmers have to return only 3 percent of the loan to the bank. The remaining 7 percent interest will be borne by the state government.

Eligibility for Agricultural Produce Living Loan Scheme

  • Applicant should be a permanent resident of Rajasthan.

  • Only small and marginal farmers will get the benefit of this scheme.

  • If the farmers have less than 1 or 2 hectares of land, they can take advantage of the scheme.

  • If the farmer pays the loan on time, then he will get an additional 2 percent discount on the interest.

  • Farmers should have their bank account linked to Aadhar card.

Required documents

  1. Aadhar Card

  2. Identity card

  3. Residence certificate

  4. Bank account passbook

  5. Crop documents

  6. Important documents related to land

  7. Mobile number

  8. Passport size photo

How to apply online for Agricultural Produce Living Loan Scheme?

  1. First of all, you have to go to the official website of the Department of Agriculture,

  2. Now the home page will open in front of you.

  3. On this home page, you have to search for agricultural produce and loan scheme.

  4. Click on it.

  5. After this, another page will open up.

  6. You have to fill all the information asked in the application form, such as name, address, Aadhar card number, bank account number, crop details, land details etc.

  7. After this, click on submit button.

  8. In this way the online application process will be completed.

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