Maharashtra Pledge Loan Scheme – The Maharashtra Agriculture Marketing Board has started its Agriculture Produce Pledge Finance Scheme for cashew, betelnut and rice farmers of Kokan region in Maharashtra. The marketing board has revised the rates to encourage more farmers to take advantage of the scheme.
Maharashtra Pledge Loan Scheme
The APMCs maintain this pledged stock without any charge. Now, the farmers of the state can sell their produce when the prices are high. Under this scheme, the farmer gets an agricultural loan up to 75 percent of the value of their produce currently in the market. On this loan, the farmers will have to pay low-interest rate i.e. 6 percent. Under this scheme, the farmer can avail this facility up to a time period of 180 days.
The Maharashtra Agriculture Marketing Board (MSAMB) has increased rates for the scheme by Rs.20 per quintal to Rs.100 per quintal. Now, the marketing borad has also included in the scheme of mortgages at a rate of Rs. 100 per quintal. This information was given by the Maharashtra Marketing Minister Subhash Deshmukh.
The Agriculture Produce Pledge Finance Scheme will be implemented in 10 market committees such as Ratnagiri, Sindhudurg, Bhiwandi, Murbad, Shahapur, Mahad, Mangaon, Pen, Roha and Murud next year, for the crops including Cashew, betelnut and rice.
The Maharashtra Government has sanctioned a total amount of Rs.3.10 crore has been made for this purpose.
The Agriculture Produce Pledge Finance Scheme has been started in nearly 10 market committees of Kokan region. Under this scheme, the state government will offer pledge finance for cashew nut, betel nut and rice.
Under the Maharashtra pledge loan scheme, the state government provides loan facility for for Moong, Tur, Udad, Soyabean, Paddy, Sunflower, Safflower, Gram (Chana), Jawar, Bajra, Maize, Wheat, Ghewda (Rajma), Turmeric, Regime (Bedana), Cashew nuts and Betel nuts (Supari).