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UP Mukhyamantri Krishak Samriddhi Yojana: Loan Rate Cut to 6%

24 September 20261 min read
GOVERNMENT SCHEMESUP MukhyamantriKrishak SamriddhiYojana: Loan RateCut to 6%24 September 2026safalsetu.com

Why in the news

Uttar Pradesh rolled out a scheme to lower the cost of borrowing for its farmers, announced alongside the Bharat Taxi service.

Key facts

  • Scheme: Mukhyamantri Krishak Samriddhi Yojana.
  • Lender: Uttar Pradesh Cooperative Gramya Vikas Bank.
  • Interest rate: reduced from 11% to 6%.
  • Launched with: the Bharat Taxi service in the State.

Significance

  • Eases the interest burden on farmers.
  • Improves access to institutional credit.

Exam angle

  • Rate change: 11% to 6%.
  • Institution: UP Cooperative Gramya Vikas Bank.
  • Scheme type: State farm-credit scheme.

Test yourself

1. To what level was the interest rate reduced under UP's Mukhyamantri Krishak Samriddhi Yojana?

The rate fell from 11% to 6%.

2. Loans under the Mukhyamantri Krishak Samriddhi Yojana are routed through which bank?

The notes name the Uttar Pradesh Cooperative Gramya Vikas Bank.

3. Which service was launched along with the Mukhyamantri Krishak Samriddhi Yojana in UP?

It was launched together with Bharat Taxi.

This topic is part of Daily Current Affairs 23 & 24 September 2026 (28 topics).

All topics of the dayDay quizSeptember 2026

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