Krishi Rinn Yojana AP 2018 Details of Zero Interest Loan for Farmers

Krishi Rinn Yojana AP

Government of Andhra Pradesh (AP) has planned now to handover the zero-interest crop loan to marginal farmers of state to enable
them easy access to formal credit through banking channels. According to this latest advertisement released by Finance Department, that the government has decided to brought up "Chief Minister's Krishi Rinn Yojana" as soon as possible. Required and eligible farmers are suggested to apply for Krishi Rinn Yojana AP Yojana through proper channel. It would make available interest for financial support of 4 percent on crop loan & Kisan Credit Card limit up to Rs 3,00,000 sanctioned by all banks to all farmers of the state during the present financial year.

Keep in mind guys that the ambitious farmers would also get interest relief of 3% per annum who promptly repay their crop loan within one year of disbursement of such loan. In effect, farmers who take a loan of up to Rs. 3 lakhs and make timely repayments will get access to zero interest credit facility which is really very good move of AP govt. Notification of this yojana says that the National Bank for Agriculture and Rural Development (Nabard) will act as a channel partner for reimbursement to banks against interest subvention amount claims in a prescribed format.

Candidates are suggested to go through below sections for Details of Zero Interest Loan for Farmers in an understandable manner.

Krishi Rinn Yojana AP

Zero Interest Loan for Farmers by Chief Minister Krishi Rinn Yojana:
  • Chief Minister Pema Khandu has set a target of 7,500 farmers to be covered under the scheme in this financial year.
  • The district wise & bank wise target will be circulated separately to all deputy commissioners and banks concerned. This target will be reviewed at the district and state-level bankers committee meetings.
  • The circle officers will function as financial extension officers and help the banks in timely recovery of crop loans, the notification added.
  • Any bank which fails to meet the fixed target would be reported to RBI and the department of financial services, he said.

Objectives of Chief Minister Krishi Rinn Yojana Scheme:
  • Sufficient and timely credit support under the single window for cultivation and other needs.
  • A. Cultivation of crops
  • B. Postharvest expenses
  • C. Produce Marketing loan
  • D. Consumption requirements.
  • Working capital for maintenance of farm assets & activities allied to agriculture like dairy, fishery, etc
  • Investment credit for agriculture & allied activities like pump sets, sprayers, dairy, animals, etc.
  • Chief Minister Krishi Rinn Yojana Scheme Details
  • State Government would provide interest subvention of 4% on crop loan and Kisan Credit Card limit up to Rs. 3,00,000
  • This interest subvention will be over & above the subvention given by Central Government
  • Additional 3% interest relief for prompt repayment
  • State Government will be issuing a notification wherein a certificate of are and crop being cultivated issued by CO may be accepted as valid documents by banks for issuance of Kisan Credit Card
  • Loan up to Rs. 3,00,000 with timely repayment will get access to zero interest credit facility
  • Perennial food crop/plantation crop not eligible
  • State Government of Arunachal Pradesh has set a target of 75000 farmers
  • District wise & bank wise target will be circulated separately to all DCs and concerned banks
  • Process will be reviewed in DLCC / DCC & SLBC meetings
  • Circle Officers will function as Finacial Extension Officers
  • NABARD shall act as channel partner for reimbursement to bank

Advantages under Chief Minister Krishi Rinn Yojana: The benefits of this scheme are listed here.
  • Timely and hassle-free credit
  • Assured availability & easy renewal
  • Flexibility to draw from another branch
  • Less interest burden
  • Fewer visits branch for sanction
  • Consumption loan
  • Availability of PAIS
  • Banks
  • Less workload/paperwork and lower transaction cost
  • Improved recycling of funds, better recovery
  • Increase in loan business, better banker-borrower relation

How to Apply for Krishi Rinn Yojana AP: Farmers are advised to follow the below given step to apply for this scheme-
  • First of all eligible applicants will have to Visit official website
  • On the home page go to column of this scheme
  • Now search for Chief Minister’s Krishi Rinn Yojana scheme notification
  • After that there will be a link to Download Form
  • Download the form and fill properly
  • Check and submit it to the concerned CO/EAC/BDO/SDO/ADC/DC Office.

Reminder: Dear citizens to get more details for this scheme stay tuned with portal and open below link-

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