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

25/04/2020Posted on
Government will give 8.8 lakh subsidy on loan of 20 lakh for agribusiness

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

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Unseasonal rain and hail: Bihar govt announced subsidy for affected farmers

20/03/2020Posted on

The untimely rains and hails in February and March affected the majority of crops in the UP and Bihar. This rain dashed the hopes of many farmers by damaging their crops on a large scale. But there is news of relief for the farmers of Bihar, as Chief Minister Nitish Kumar had announced subsidy for the farmers whose crops were severely affected by the rain and hails.

CM Nitish Kumar has recently declared that the government will provide a compensation of Rs 13,500 per hectare for affected crops. A fund of Rs 60 crore has already been sanctioned for this purpose. This amount will be used to provide agriculture inputs subsidy to those farmers, whose crops were damaged by the unseasonal rainfall of 24 to 26th February. According to a media report, this unseasonal rain has damaged more than 31,000 hectares of crops.

According to the state’s agriculture minister Prem Kumar, once the verification of the claims will finish, the subsidy will be provided within 25 days. This subsidy will be paid at the rate of Rs 13,500 per hectare for irrigated farm and Rs 6,500 per hectare for an unirrigated farm. However, this subsidy will be provided for a maximum of two hectares of land only.

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