COP-34 Financial Assistance to Farmer for Interest Subvention (Kishan Credit Card Interest Asst.)
योजनेविषयी
The scheme "COP-34 Financial Assistance to Farmer for Interest Subvention (Kishan Credit Card Interest Asst.)" introduced by the Agriculture, Farmers Welfare and Cooperation Department, Gujarat, aims to support farmers by offering a 4% interest subvention on crop loans up to ₹3 lakh, provided the loan is repaid on time. This assistance helps farmers reduce their financial burden, improve crop yield, and enhance their income. It also encourages responsible financial practices among farmers.
लाभ
Name of Component Standard of Assistance****Minimum Time Limit (in Year) for Reclaiming BenefitsCOP-34, Financial assistance to farmer for Interest Subvention4% interest subvention on timely repayment of crop loan taken by farmers up to ₹3,00,000/-only once in a financial year
पात्रता
- The applicant must be a farmer.
- The farmer should have taken a short-term crop loan during the Kharif season (1st April to 30th September) from any of the following:
- Primary Agricultural Credit Cooperative Society
- District Central Cooperative Bank
- Nationalized Bank
- Gramin Bank
- Private Bank
- The farmer should have repaid the loan on time.
अर्ज कसा करावा
Offline
- The bank from which the crop loan has been availed by the farmer has to submit the integrated interest subvention proposal of its area of operation to the Registrar, Co-operative Societies, Gujarat State, Gandhinagar.
आवश्यक कागदपत्रे
- Kisan Credit Card (KCC) loan documents.
- Proof of timely repayment.
- Farmer’s identity proof (Aadhaar card, etc.).
- Land ownership or cultivation document.
- Any other documents as required.
वारंवार विचारले जाणारे प्रश्न
- What is the objective of this scheme?
The scheme provides financial assistance to farmers in the form of a 4% interest subvention on timely repayment of crop loans taken during the Kharif season.
- Who can avail the benefits of this scheme?
Farmers who have taken short-term crop loans during the Kharif season and have repaid them on time through eligible banks can avail the benefits of this scheme.
- What is the maximum loan amount eligible under this scheme?
Under this scheme, crop loans of up to ₹3,00,000/- are eligible for a 4% interest subvention.
- Which banks are considered eligible for availing this scheme?
Loans taken from Primary Agricultural Credit Cooperative Societies, District Central Cooperative Banks, Nationalized Banks, Gramin Banks, and Private Banks are eligible under this scheme.
- Can a farmer apply for the scheme directly?
No, the farmer cannot apply directly. The bank through which the crop loan was taken submits the interest subvention proposal on behalf of the farmer.
- How often can a farmer receive the benefit of this scheme?
A farmer can avail the benefit of the scheme only once in a financial year.
- Is the scheme applicable for loans taken during the Rabi season?
No, the scheme is only applicable for short-term crop loans taken during the Kharif season, i.e., from 1st April to 30th September.
- What type of loan is covered under this scheme?
The scheme covers short-term crop loans taken for agricultural purposes.
- Is the subvention given as a direct benefit transfer to the farmer’s account?
The interest subvention is generally adjusted or credited as per the process managed by the lending bank, based on government guidelines.
- Where can a farmer get more information about this scheme?
A farmer can contact their respective bank or reach out to the Registrar, Co-operative Societies, Gujarat State, for more details about the scheme.
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