Chief Minister’s Krishi Rinn Yojana, Arunachal Pradesh
Arunachal pays 4% interest subvention on crop loans and KCC limits of up to ₹3 lakh, over and above the Centre’s subvention, so prompt re-payers get zero-interest crop credit.
- Lead benefit
- 4%interest relief a year
- Components
- 1each read from the document
- Who can apply
- 6kinds of applicant
- Closing date
- Noneapply any time
What it pays
The state pays 4% a year of the interest on crop loans and KCC limits of up to ₹3 lakh, on top of the Centre’s subvention.
What the document says, word for word
Not for perennial food or plantation crops (cl. 5). The notification speaks of loans sanctioned “during the current financial year” (2017-18) and set a first-year target of 7,500 farmers (cl. 8); we found no later order extending it, so check with your bank.
“The Government of Arunachal Pradesh would provide interest subvention of 4% on crop loan / Kisan Credit Card limit upto Rs.3.00 lakhs sanctioned by all banks to all farmers of the State during the current financial year. This interest subvention will be over and above the subvention given by Govt of India to banks and the farmers as per policy circular issued by RBI/NABARD”How much can I claim?
Enter loan amount to see the figure.
Not for perennial food or plantation crops (cl. 5). The notification speaks of loans sanctioned “during the current financial year” (2017-18) and set a first-year target of 7,500 farmers (cl. 8); we found no later order extending it, so check with your bank.
Who can apply
- Other farmer
- Small or marginal farmer
- SC farmer
- ST farmer
- Woman farmer
- Tenant or sharecropper
Papers you need
- Certificate of area and crop cultivated, issued by the Circle Officer (cl. 4)
How to apply
- Apply for a Kisan Credit Card or short-term crop loan at a commercial bank, the AP Rural Bank or the AP State Co-operative Apex Bank (cl. 7).
- A certificate of area and crop from the Circle Officer is accepted by the bank for issuing the KCC (cl. 4).
- Repay within one year of drawing the loan; NABARD reimburses the bank, you do not claim separately (cl. 2–3).
Applying is free. Never pay anyone to apply for you.
When to apply
The guidelines set no closing date.
Combining with other schemes
- KCC – Interest Subvention (MISS): can be combined