loan – Gramophone

Bank will provide 65 percent assistance, can start their employment by setting up dairy farms

30/04/2020 Thursday April 30th, 2020

If you are looking for employment and you are interested in opening a dairy farm, then you can get help from the bank for this. By opening a dairy farm, you will not only be able to do your employment but at the same time, there is a lot of potentials for you to earn well.

Dairy farms can be opened on a small scale. It does not cost much in the beginning and to start this work many types of government and private institutions are also providing assistance, which can be availed by small or medium category farmers.

You can start a small scale dairy farm with 2 cows of advanced breed at a cost of about one lakh rupees. In this, the bank provides 65 percent of the amount for the purchase of two cows. It costs around Rs 3 lakh to open a mini dairy farm with 5 cows, on which the bank provides up to 65 percent.

Source: Krishi Jagran

SBI will give Agri Gold loan to farmers at low interest, know about the loan

29/04/2020 Wednesday April 29th, 2020

Due to the ongoing lockdown amid the Corona epidemic, people are facing economic problems and this also upset the farmers of the country. To overcome these problems of farmers, SBI has started the Agri Gold Loan Scheme.

Under this scheme, farmers can take loans according to their requirements by giving gold ornaments kept in their homes. During the lockdown, more than 5 lakh farmers have taken advantage of this loan scheme of SBI.

Information about Agri Gold loan scheme

Under this scheme, gold jewelry is deposited and the loan is taken as per requirement. The farmer applying for this has to give a copy of his agricultural land in the bank. Loans under this will attract an annual interest of 9.95%. If the farmer is landless but has a tractor on his name, then the loan can be taken by depositing ornaments based on that tractor.

For more information related to this scheme, visit https://sbi.co.in/hi/web/agri-rural/agriculture-banking/gold-loan/multi-purpose-gold-loan#show

Source: Dainik Bhaskar

Government will give 8.8 lakh subsidy on loan of 20 lakh for agribusiness

25/04/2020 Saturday April 25th, 2020

The government is making various efforts to bring educated youth into the agriculture sector. Now the central government has prepared a plan to promote agriculture-related business and to add more and more youth. Under this plan, the government is giving a loan of up to 20 lakh rupees for starting a business related to farming.

The person applying will be given a loan of Rs 20 lakhs individually and a group of five persons will get up to Rs 1 crore. On this loan, a 36 percent subsidy will be given to general category applicants and 44 percent to applicants belonging to scheduled castes, tribes, and women.

To get the benefit of this scheme, one has to take 45 days of training. After training, if the person is found eligible for this loan, then NABARD will give him a loan. To join this scheme visit this link https://www.acabcmis.gov.in/ApplicantReg.aspx

Reserve Bank gave relief to crores of farmers, increased the date of repaying crop loans

22/04/2020 Wednesday April 22nd, 2020

The Reserve Bank has given relief to crores of farmers amid the ongoing nationwide lockdown due to Corona infection. This relief will be provided to crores of farmers of the country who take crop loans from banks through Kisan Credit Card. The Reserve Bank of India has extended the period for repaying the next installment of the crop loan to 31 May.

Apart from this, RBI has also provided relief in the interest rates of farmers. Now farmers can repay the next installment of their crop loan till May 31 at the old rate of only 4% per annum.

A letter was issued on Wednesday on behalf of the Reserve Bank on this subject. It has been clarified in this letter that along with the benefit of a three months moratorium on crop loans due to the Corona crisis, farmers will not have to pay punitive interest for three months.

Source: Outlook

Government signed $80M loan with the world bank to develop agriculture

17/03/2020

The Agriculture sector holds a significant contribution to the Indian economy. Which means, improving agriculture will strengthen the economy too. That is why the government has also started focusing more and more on the agriculture sector since the last few years. In the same episode, the Government of Himachal Pradesh signed an $80 million loan agreement with the World Bank to develop the state’s agriculture.

This amount will be spent mainly on improving water management practices and increasing agricultural productivity in various Gram Panchayats of Himachal Pradesh. According to a media report, this project will be executed in 10 districts of the state covering 428 Gram Panchayats. It will benefit around 400,000 smallholder farmers.

This project will be very beneficial for the farmers of Himachal Pradesh, as many of the lowland areas of the state lack sufficient water for irrigation and are chiefly dependent on rainwater. But the constant decrease in the rainfall and climate change is affecting the production of fruits grown in Himachal Pradesh, including its iconic apples. This step could also play a big role in contributing to the central government’s mission of doubling the farmers’ incomes.