120 Cr Credit-linked scheme to be implemented under Horti-Agri Sectors of Arunachal

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Itanagar: On Thursday, 19th August 2021, a credit-linked scheme was approved by the Government of Arunachal Pradesh under the agriculture and the horticulture sectors with Rs 60 crores in the horticulture sector during 2021-22, and another Rs 60 crores as government subsidy in the agriculture sector.

This scheme will be implemented with government subsidy, bank credit, and beneficiary contribution in the ratio of 45:45:10, etc, and can be availed by any individual farmer, as well as SHGs and farmers-producers organizations (FPO). If any individual farmer avails of the scheme within Rs 1.6 lakhs, no collateral or bank guarantee will be required. And for SHGs availing of the scheme within or up to Rs 10 lakhs, no collateral or bank guarantee will be required.

The scheme would be distributed across the state and the applicants need to apply at the DC office in their respective districts about Rs 300 crore investment will be done in the sector, out of which the government subsidy component will be Rs 120 crores.

The credit-linked scheme will help the farmers, SHGs, and FPO to avail themselves of the beneficiary benefits.