Krishi Rinn Yojana

The Finance Department of the Arunachal Pradesh Government has introduced a loan scheme named Krishi Rinn Yojana to benefit the farmers of the State. The scheme was launched with the motive of lessening the financial burden of the farmers by offering them easy access to formal credit through banking channels. In this article, we look into the Krishi Rinn Yojana in detail.

Features

The Government has invested Rs.10 Crores to implement the Chief Minister Krishi Rinn Yojana with a target of 7,500 farmers to be covered for the crop loan under this scheme. This scheme allows quicker clearance of loan within a time limit under single window. The scheme benefits include granting a zero interest crop loan with an interest subvention of 4% per annum on crop loan that can be accessed using Kisan Credit Card issued in the name of the farmer. Timely repayment of the loan enables the farmers to enjoy an interest relief of 3% per annum. The financial assistance will be offered only through authorised banking Channels (commercial banks / rural regional banks / co-operative banks) with same prescribed terms and conditions as per RBI and NABARD.

Benefits:

Under the Krishi credit card scheme, there is no margin to avail the crop loan. There is no need for additional loan securities. The crops that the farmers produce by means of the loan amount are considered as loan security. The scheme renders zero interest credit facility for the farmers who take up a loan up to Rs.3 Lakhs and make their payment on time within one year of disbursement.

Eligibility Criteria

The applicant should confirm with the following conditions of eligibility to take advantage of this scheme:

The farmer who wanted to avail this scheme should be a permanent resident of Arunachal Pradesh.
The small and marginal farmers of all sections are eligible. The benefits of the scheme also extends to tenant farmers, lessee or collector farmer.
Financial support under this scheme is solely for crops and thus the scheme is not applicable if the crop loan is used for any other purpose.
The government will not afford any relief for the perennial food crops and plantation crops.
The farmers can avail the scheme in spite of already taken a loan.

Documents Required

The following documents should be enclosed along with the application form.

Domicile certificate
Proof of Identity (Aadhar card)
Land holding certificate as per prescribed format
Evidence of farming activity
Declaration of crops raised/proposed
Bank account

Application Process:

The applicant apply by visiting the official website to download the application form or can download from the copy given below.

On acquiring the form, the applicant should duly fill the form with essential details and must submit along with the documents mentioned. The form must be submitted to the concerned CO/EAC/BDO/SDO/ADC/DC Office. The circle officers who are selected by the Finance Department will operate as financial extension officers in the state for the selection of the candidates and also aid the farmers in the entire process. Selection of farmers will be conducted district and concerned bank wise

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Frequently Asked Questions

Common questions about Krishi Rinn Yojana: Crop Loan Scheme for Arunachal Pradesh Farmers.

The Krishi Rinn Yojana is a loan scheme introduced by the Finance Department of the Arunachal Pradesh Government to benefit the farmers of the state. It aims to provide easy access to formal credit through banking channels, thereby reducing the financial burden on farmers.

The Government has invested Rs. 10 Crores to implement the Krishi Rinn Yojana, with a target of covering 7,500 farmers for crop loans under this scheme.

The scheme offers zero interest crop loans with an interest subvention of 4% per annum, accessible through Kisan Credit Cards issued to farmers. Timely repayment of the loan enables farmers to enjoy an additional interest relief of 3% per annum.

Farmers can access loans under the Krishi Rinn Yojana only through authorized banking channels, such as commercial banks, rural regional banks, or cooperative banks, following the prescribed terms and conditions as per RBI and NABARD guidelines.

Under the Krishi Credit Card scheme, farmers do not need to provide any margin or additional loan securities. The crops produced using the loan amount are considered as loan security. Farmers who take a loan up to Rs. 3 Lakhs and make timely payment within one year of disbursement can avail zero interest credit facility.

Permanent residents of Arunachal Pradesh, including small and marginal farmers from all sections, tenant farmers, lessees, and collector farmers, are eligible for the Krishi Rinn Yojana.

The Krishi Rinn Yojana provides financial support solely for crops. The scheme is not applicable if the crop loan is used for any other purpose. However, the government does not offer relief for perennial food crops and plantation crops.

Yes, farmers can avail the Krishi Rinn Yojana even if they have already taken a loan.

Applicants must submit a domicile certificate, proof of identity (Aadhaar card), land holding certificate, evidence of farming activity, a declaration of crops raised/proposed, and bank account details along with the application form.

Farmers can apply for the Krishi Rinn Yojana by visiting the official website to download the application form or obtaining a copy from the concerned CO/EAC/BDO/SDO/ADC/DC Office. They must submit the duly filled form and required documents to the same office.