Sarkari Yojana
Chief Minister’s Krishi Rinn Yojana
About Chief Minister’s Krishi Rinn Yojana
Launched by the Government of Arunachal Pradesh, the Chief Minister’s Krishi Rinn Yojana (CMKRY) helps farmers by making crop loans available at zero interest. The state offers a 4% interest subvention on crop loans or Kisan Credit Card limits of up to Rs. 3.00 lakhs sanctioned by any bank in the current financial year. This comes on top of the subvention that the Government of India gives to banks and farmers under the policy circular of RBI/NABARD. Farmers who repay their short-term production credit (crop loan) on time, within one year of disbursement or withdrawal, also get interest relief of 3% per annum. Put simply, a farmer borrowing up to Rs. 3.00 lakhs who repays promptly enjoys credit at zero interest. NABARD serves as the channel partner for reimbursing the subvention amount to banks. The state government has also notified that a certificate from the Circle Officer stating the cultivated area and the crops grown will be accepted by banks as a valid document for issuing Kisan Credit Cards to farmers. Salient Features:
1. Farmers receive a 4% interest subvention on crop loans / KCC limits of up to Rs. 3 lakh. 1. Loans may be taken from any bank in the state during the current financial year. 1. Farmers who repay on schedule also get interest relief of 3% per annum on their crop loan. 1. No relief is given for growing perennial food crops or plantation crops. 1. Farmers are selected separately, district-wise and bank-wise.
Objective of this scheme:
1. To make crop loans available to the state’s farmers at a zero rate of interest.
Scheme Overview
State Government
Department Of Finance
Individual
01 Apr 2017
Scheme Details
Eligibility Requirements
To qualify for Chief Minister's Krishi Rinn Yojana, applicants must satisfy the following conditions:
Individual or group farmers in Arunachal Pradesh who…
Individual or group farmers in Arunachal Pradesh who grow short-term crops.
Farmers holding Kisan Credit Cards or taking crop…
Farmers holding Kisan Credit Cards or taking crop production loans from commercial banks, APRB or APSCAB Ltd can apply.
Farmers must have a sound repayment history and…
Farmers must have a sound repayment history and clear their short-term production credit (crop loan) promptly within one year.
Coverage is limited to crop loans or Kisan…
Coverage is limited to crop loans or Kisan Credit Card limits of up to Rs. 3.00 lakhs.
Farmers must satisfy the eligibility and paperwork conditions…
Farmers must satisfy the eligibility and paperwork conditions laid down by the banks.
Small, marginal and large farmers in the state…
Small, marginal and large farmers in the state can all benefit.
Benefits Provided
Chief Minister's Krishi Rinn Yojana provides the following benefits to eligible applicants:
Benefits
All farmers of the state can get a…
All farmers of the state can get a Kisan Credit Card with a loan limit of up to ₹3.00 lakh, sanctioned by any bank during the current financial year.
A 4% interest subvention on crop loans, in…
A 4% interest subvention on crop loans, in addition to the subvention offered by the Government of India.
As a result, farmers who repay on time…
As a result, farmers who repay on time can use a ₹3.00 lakh loan with an interest credit facility.
Interest-free crop loans ease the financial pressure on…
Interest-free crop loans ease the financial pressure on farmers and cut their interest costs.
Simple access to formal bank credit furthers the…
Simple access to formal bank credit furthers the financial inclusion of farmers.
The scheme aims to bring 7500 farmers under…
The scheme aims to bring 7500 farmers under crop loans, adding to the state's farm sector growth.
Documents Required
Applicants should keep the following documents ready before starting the application:
Documents Required
Certificate of land holding from the local Gaon…
Certificate of land holding from the local Gaon Buras (GBs)
The state government notification under which the Circle…
The state government notification under which the Circle Officer's certificate of cultivated area and crop is to be accepted by banks as a valid document.
Particulars of a bank account seeded with Aadhaar
Particulars of a bank account seeded with Aadhaar.
A valid Aadhaar identity card
A valid Aadhaar identity card.
Any other papers the bank asks for to…
Any other papers the bank asks for to complete loan formalities
2017-04-01
How to Apply
Offline Application
Applicants can apply for Chief Minister's Krishi Rinn Yojana through the offline application process outlined below.
Under the scheme, interested farmers first get a…
Under the scheme, interested farmers first get a Land Holding certificate from the relevant CO/EAC/BDO/SDO/ ADC/DC office.
The loan application is routed through the Circle…
The loan application is routed through the Circle Officer, who certifies that the applicant owns the land.
Scheme benefits are available to farmers who use…
Scheme benefits are available to farmers who use KCC.
Applications can be made at any Bank
Applications can be made at any Bank.
Complete the application form with correct and full…
Complete the application form with correct and full information.
Enclose the documents the bank specifies, such as…
Enclose the documents the bank specifies, such as identity proof, land ownership papers and income certificates.
Hand in the filled form and supporting documents…
Hand in the filled form and supporting documents at the bank.
The bank examines the application, checks eligibility and…
The bank examines the application, checks eligibility and processes the loan.
After sanction, the loan is credited to the…
After sanction, the loan is credited to the farmer's account.
Exclusions / Who Is Not Eligible
1. The scheme does not apply to the production of perennial food crops or plantation crops.
1. Farmers engaged in the production of excluded crops mentioned above are not eligible for zero-interest credit under this scheme.
1. Non-farmers or individuals who are not actively engaged in agricultural activities are not eligible for the benefits of CMKRY.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.