What you get
Benefits | - Kisan Credit Card and card limit up to ₹3.00 lakh as loan, sanctioned by all banks to all farmers of the state during the current financial year. | - Interest subvention of 4% on crop loan, over and above the subvention given by the Government of India. | - In effect, farmers making timely repayments can avail ₹3.00 lakh of the loan with access to an interest credit facility. | - Zero-interest crop loans provide financial relief to farmers and reduce their burden of interest payments. | - Easy access to formal credit through banking channels promotes financial inclusion for farmers. | - The scheme sets a target to cover 7500 farmers under crop loans, contributing to the state's agricultural development.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
Who is eligible for the Chief Minister's Krishi Rinn Yojana?
Farmers in the state of Arunachal Pradesh who hold Kisan Credit Cards or avail themselves of crop production loans from commercial banks, APRB, and APSCAB Ltd are eligible for the scheme.
What is the maximum loan limit under this scheme?
The maximum loan limit under the Chief Minister's Krishi Rinn Yojana is Rs. 3.00 lakhs.
How much interest subvention is provided by the government?
The government provides an interest subvention of 4% on crop loans or Kisan Credit Card limits up to Rs. 3.00 lakhs, in addition to the subvention given by the Government of India.
How can farmers avail themselves of the zero-interest credit facility?
Farmers who take loans up to Rs. 3.00 lakhs and promptly repay their short-term production credit within one year are eligible for zero-interest credit facility.
What crops are excluded from this scheme?
The production of perennial food crops and plantation crops are excluded from the Chief Minister's Krishi Rinn Yojana.
Can farmers from all districts of Arunachal Pradesh apply for this scheme?
Yes, farmers from all districts of Arunachal Pradesh can apply for the Chief Minister's Krishi Rinn Yojana.
Is NABARD involved in the implementation of this scheme?
Yes, NABARD acts as the channel partner for reimbursement to banks regarding the interest subvention amount.