UP Mukhyamantri Krishak Samriddhi Yojana: ₹6 Lakh Loans at 6%
Why in the news
Uttar Pradesh’s Cabinet cleared a low-interest, long-term loan scheme for small farmers as part of a larger set of development decisions.
Key facts
- Scheme: Uttar Pradesh Mukhyamantri Krishak Samriddhi Yojana.
- Target group: small and marginal farmers.
- Lender: Uttar Pradesh Sahkari Gram Vikas Bank.
- Loan size: up to ₹6 lakh at 6% interest; the loans are concessional and long-term.
| Feature | Detail |
|---|---|
| Approved by | UP Cabinet |
| Borrowers | Small and marginal farmers |
| Maximum loan | ₹6 lakh |
| Interest rate | 6% |
Significance
The scheme is meant to encourage farm investment and lift rural economic activity.
Exam angle
- State scheme: UP Mukhyamantri Krishak Samriddhi Yojana.
- Loan cap: ₹6 lakh; rate: 6%.
- Channel: Sahkari Gram Vikas Bank.