Odisha state government has launched a new Balaram Scheme to provide agricultural credit of Rs. 1,040 crore to landless farmers. This agriculture credit amount will help farmers who are facing difficulties due to the Coronavirus (COVID-19) pandemic outbreak.
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Key-Points
Around 7 lakh landless cultivators would be benefited from the Balaram Yojana in the upcoming 2 years.
The decision to launch Odisha Balaram Scheme was taken at a high-level meeting presided over by chief secretary A K Tripathy on 2 July 2020.
All the landless farmers who were unable to get farm credit earlier will now get loans through joint liability groups. This loan amount will act as social collateral for land-less farmers.
The new Balaram Scheme is designed in collaboration with the National Bank for Agriculture and Rural Development (NABARD).
Moreover, the village agriculture workers will implement the agricultural credit programme at the field level.
