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Byaj Anudan Yojana: Gift to Farmers ,Apply for interest subsidy of 5% on long-term agricultural cooperative loan in this way

Loan subsidy Byaj Anudan Yojana:

If you want to take advantage of interest subsidy scheme on long-term agricultural cooperative loans, then you can apply both online and offline. For offline application, farmers will have to go to the Co-operative Development Bank of Rajasthan and apply for the loan.

Through cooperative societies, the Rajasthan government provides short term and long term loans to farmers at low interest rates. There are many farmers who repay these loans on time. At the same time, some farmers are unable to repay the loan on time due to some reason. Farmers who repay the loan on time, get interest subsidy under the Rajasthan Government Interest Subsidy Scheme (Byaj Anudan Yojana). This interest subsidy or rebate is given only for long term loans. Under this scheme, a subsidy of 5 percent is given in the interest paid by the farmers on the loan taken by the state government.

Apply like this
If you want to take advantage of the Interest Subvention Scheme on Long Term Agricultural Cooperative Loan (Byaj Anudan Yojana), then you can apply both online and offline. For offline application, farmers will have to go to the Co-operative Development Bank of Rajasthan and apply for the loan. Here all the documents given by you will be verified and after that you will get the loan. If you want to apply online in this scheme, then visit the official website. Here you will get the loan application form. You can submit your application by downloading this form.

These are the benefits of the scheme

  1. In this scheme ten percent interest has to be paid under long term agriculture loan. But those who repay the loan on time will have to pay only five percent interest.
  2. Loans taken for minor irrigation works like sprinkler drip irrigation, pumpset, tubewell, deepening of well, electrification, drain construction, reservoir construction are also included in this scheme.
  3. The interest rates available under the scheme are much lower than the interest rates available in any commercial bank.
  4. By taking advantage of this scheme, farmers can easily buy farming equipment like tractors, threshers, carbine harvesters etc.
Krishi

These documents will be needed
Aadhaar card, residence certificate, passport size photo, bank account details, land related documents and identity card will be required to take advantage of the interest subsidy scheme on long-term agricultural cooperative loans.

How many times in a year crop loan can be taken
Farmers often have a question that how many times in a year they can take crop loan. Please tell here that the crop loan given from the cooperative bank is given twice a year. There is no interest to be paid on repaying this loan on time. The Cooperative Minister of Rajasthan informed that the short-term crop loans disbursed by the Central Cooperative Banks are given from April 1 to August 31 in the Kharif season. Whereas, farmers get crop loans from September 1 to March 31 in the Rabi season.

Also refer Loan for Businesshttps://arjawa.com/business-loan-government-is-kind-money-will-be-available-for-business-these-five-options-are-very-beneficial/

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