The state government of Odisha has started the Mukhyamantri Krushi Udyog Yojana 2023 in an effort to give much-needed assistance to Odisha’s farmers. The scheme’s goal is to give agricultural loans to all farmers in the state, regardless of their financial situation or landholding. The Odisha government has allotted a budget of Rs. 10,000 crores for agriculture loans to farmers under this program. Over 50 lakh farmers in the state are likely to profit from the initiative, which would provide financial assistance for their agricultural pursuits. In this article, we have mentioned all the details which will be beneficial for the citizens who are looking forward to it, details such as benefits, eligibility criteria, complete introduction, and much more
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Odisha Mukhyamantri Krushi Udyog Yojana 2023
The Odisha Mukhyamantri Krushi Udyog Yojana is a new effort launched by the Odisha government to make agricultural loans more accessible to all farmers in the state. The program’s goal is to offer farmers financial aid to help them embrace modern agricultural practices, acquire new equipment and technology, and boost their output. This will not only increase their income but will also help the state’s economy thrive. The plan is projected to assist over 20 lakh farmers in the state, who will be able to obtain low-interest loans.
The initiative is part of the government’s attempts to strengthen the farming industry and farmers’ livelihoods in Odisha. The initiative intends to offer farmers with timely and enough loans, which is critical for their financial stability and growth. Farmers can borrow up to Rs. 10 lakhs through this plan at an interest rate of just 1%, which is much cheaper than the market rate. In addition, the initiative intends to encourage sustainable agriculture practices and boost the use of technology and contemporary farming techniques. To guarantee the seamless execution of this program, the government has taken numerous steps, including the creation of a dedicated platform for farmers to apply for loans and check the status of their applications.
Overview Details of Odisha Mukhyamantri Krushi Udyog Yojana 2023
|Name of the Yojana
|Mukhyamantri Krushi Udyog Yojana
|Farmers of state
Objective of Odisha Mukhyamantri Krushi Udyog Yojana
The primary goal of this yojana is to make agricultural loans available and affordable to all farmers in the state of Odisha. The initiative intends to boost agriculture and associated industries by providing farmers have simple access to financial facilities to invest in their farms, enhance their productivity and revenue, and contribute to the state’s agricultural sector’s overall growth. Through technical help and training programs, the project also aims to encourage farmers to adopt modern agricultural practices, diversify their crops, and boost their output.
Services Available Under Mukhyamantri Krushi Udyog Yojana
- Financial Assistance
- Provision of Agriculture credit
- Provision of Insurance
- Skill Development
Benefits of Odisha Mukhyamantri Krushi Udyog Yojana
- The initiative gives all farmers, regardless of economic standing, simple access to finance. Farmers will be able to invest in their fields and increase their output as a result of this.
- In comparison to other financial organizations, the plan provides loans at a cheaper interest rate. Farmers will find it easy to repay the loan without being burdened by the interest rate.
- The program encourages farmers to use contemporary technology and equipment to boost output. This will not only benefit farmers but will also contribute to the growth of the state’s agricultural industry.
- By giving finance to farmers, the initiative will aid in the development of rural communities. This will stimulate economic activity in rural regions by creating job possibilities and giving farmers more money to spend.
- The plan offers farmers insurance coverage to safeguard them against the hazards connected with farming, such as crop loss due to natural catastrophes, and so on.
- The farmer must be a permanent resident of Odisha state.
- The farmer’s minimum age should be 18 years or older.
- A minimum of one acre of land must be owned by the farmer.
- The farmer must engage in agricultural operations and crop cultivation.
- The farmer should be able to pay back the loan.
- The farmer should have a strong credit history and not be a past loan defaulter.
- A legitimate identity document, such as an Aadhar card, voter ID card, or any other government-issued identification evidence, must be shown by the farmer.
- Any nationalized bank should have an active bank account for the farmer.
Required Documents List
- Passport Size Photograph
- Aadhar Card
- Income Certificate
- Pan Card
- GST Number
- Residence Certificate
- Mobile Number
Registration Procedure Under Odisha Mukhyamantri Krushi Udyog Yojana 2023
- Visit the Odisha Mukhyamantri Krushi Udyog Yojana’s Official Website.
- Look for and click on the link to apply for agricultural financing.
- Before completing the application form, please read the instructions.
- Fill up the blanks with your personal information, land information, crop information, and loan amount.
- Upload the necessary papers, such as ID evidence, land deeds, and bank account information.
- Examine the application form thoroughly before submitting it.
- After clicking the submit button, print the application form for future reference.
- Wait for your loan application to be approved, which will be conveyed to you through SMS or email.
Steps to Login on the Portal
- First Visit the Official Website of the Portal.
- Now on the Homepage of the Website Click on Login Button.
- After that you’ll be redirected to Login Page.
- Now Enter your User ID & Password.
- After that Enter the Captcha Code.
- In the End, Click on Login Button to get Logged in Successfully.