MP Krishi Loan Scheme 2024: The Madhya Pradesh government runs various schemes for the citizens of its state, in which schemes are run for women, youth, farmers, adults of the state. Mohan Yadav has started a scheme for farmers in which farmers will be given loans at zero percent interest rate and farmers will not have to pay any kind of loan in it. With this scheme, farmers will be able to buy related equipment for their crops and will get a fair price by providing high quality to their crops.
What is MP Krishi Loan Scheme 2024?
This scheme is a scheme started by the Chief Minister of Madhya Pradesh, Dr. Mohan Yadav, in which short-term loans are provided to the farmers, in this they are given loans at zero percent interest rate, in this the farmers do not have to pay any kind of interest and on repaying the loan on time, they can get the loan facility again.
Farmers need many types of equipment, fertilizers and seeds to do farming, for this, if they do not have money, then they have to do farming work by borrowing money from others, to find a solution to this, the government of Madhya Pradesh has launched this scheme.
By taking advantage of this scheme, small and poor farmers will be able to spray medicines on their crops on time and will be able to get facilities like fertilizer seeds and by producing good crops, they will become financially prosperous by getting fair price of crops.
How much short term loan can you take
In MP Krishi Loan Scheme 2024, short term loan is given to farmers. This is given to small and marginal farmers who do not have adequate funds for farming. In this, a maximum loan of three lakh rupees is given. This loan is provided by Primary Agricultural Credit Societies. Its amount is directly debited to the farmers’ account. In this loan, farmers have to pay zero percent interest rate and after repaying this loan, they can again get the facility of loan in it.
Purpose of MP Krishi Loan Scheme 2024
The objective of this scheme is to provide short-term loans to the farmers, in which interest-free loans are given to the farmers so that they do not have to worry about the equipment used for farming and the expenses incurred for crops and fertilizer seeds and do not have to pay any kind of interest in it, so that they will be able to fulfill their farming needs on time and will be financially prosperous.
How to get this loan
In MP Krishi Loan Scheme 2024, this loan is given by the Primary Agricultural Credit Societies of the government. Till now this scheme is made available through Agricultural Credit Societies, in future it can also be made available by other banks, in this farmers are given interest free loan up to ₹ 300000, this is a short term loan scheme which benefits small and marginal farmers.
