Madhya Pradesh Krishak Udyami Yojana – The Hon’ble Chief Minister of Madhya Pradesh Mr. Shivraj Singh Chauhan has introduced a loan scheme named “Krishak Udyami Yojna”, an entrepreneurship scheme for the children of farmers. This scheme will provide loan facility to the children and their wards of the farmers at cheaper rates. The loan will be provided to the youth for setting up custom processing centers for agricultural production. The processing centers will be graded to clean up their product and for additional value to the farmers.
Details of Madhya Pradesh Krishak Udyami Yojana
Under the Krishak Udyami Yojana, the State Government will release the sons and daughters of the farmers Rs. 10 lakh to 2 crore, with 15% subsidy. This plan is providing 5% subsidy on 5 years interest. In the state, about three-fourths of the population is associated with agriculture and allied and related activities.
Madhya Pradesh Krishak Udyami Yojana
Under the Farmer Entrepreneur Scheme, the State Government will provide a grant of Rs. 10 lakh to 2 crore, with 15% grant to the sons and daughters of the farmers. This scheme is providing 5% subsidy on 5 years interest. In the state, about three-fourths of the population is associated with agriculture and allied and related activities.
Benefits of Madhya Pradesh Krishak Udyami Yojana
- This scheme will reduce the financial burden on farmers and their children.
- State Government will provide a beneficial price for certain crops
- The scheme will create more employment opportunities for the youth in the state.
- This will increase the income of the farmers across the state.
- This will reduce the need for migration from rural to urban areas.
The State Government is encouraging the youth to get loans with the help of banks to set up their custom processing centers. These centers will help the farmers to clean up their produce and grade with price increase. For the establishment of custom processing centers, the state government will provide 40% subsidy on loan of Rs 25 lakh
Eligibility Criteria Madhya Pradesh Krishak Udyami Yojana
- Under this scheme, the son/daughter of the farmer who has an agriculture land should not be an income taxpayer
- Age must between 18 and 45 Years Old
- Must be at least 10th passed.
Krishak Udhyami Yojana MP Farmer Children Loan Scheme 2018
In the first phase of the scheme, the government is planning to set up 1000 such centers. Explorer not only creates investment and employment opportunities, it will also help the farmers in reconciliation with the farming techniques. This scheme will be implemented in the agricultural land per hectare Will also bring innovation to improve yields.
In India, despite the availability of new technology in a large number of farmers’ markets, they still rely on old farming techniques. This scheme will provide opportunities for the youth to bring more techniques in the agricultural areas to the needs of the farmers.