Arunachal Pradesh is providing Zero Interest Crop Loan to the farmers of the state under Chief Minister Krishi Rinn Yojana. This scheme has set the target to cover of 7500 farmers of the state in the current financial year.
Under Krishi Rinn Yojana, the government has decided to provide crop loan facilities for farmers by making easy access to formal credit through banking channel.
Moreover, this scheme will provide the fastest clearance of loan under single window within a time limit.
Features:
- The farmer will get interest subvention of 4% on crop loan / KCC limit upto Rs. 3 lakh.
- The farmers can take loan from any bank in the state during the current financial year.
- Moreover, if the farmer make their loan payment on time they will also get interest relief of 3% per annum on their crop loan.
- The government will not provide any relief for the production of perennial food crop and plantation crop.
- The farmers will be selected separately through district and concerned bank wise.