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03-Sep-21

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Arunachal CM launches two credit-linked schemes to boost agriculture and horticulture sectors

Arunachal Pradesh CM Pema Khandu said State-level and district-level committees have been constituted for selection of beneficiaries for the schemes.
“The government has earmarked a subsidy amount of ?60 crore against the newly launched Atma Nirbhar Krishi Yojna (ANKY) in the agriculture sector and another ?60 crore against the Atma Nirbhar Bagwani Yojana (ANBY) in the horticulture sector under the credit linked schemes,” Agriculture and Horticulture Secretary Bidol Tayeng said.
Under both the schemes, end-to-end holistic approach has been made, covering pre-production, production, post-harvest management, processing and marketing to assure appropriate returns to growers and producers in the State.
The objective of the schemes is to promote credit discipline and encourage banking sector to support ground level agriculture and horticulture activities besides ensuring timely availability of funds.
The schemes can be availed by any individual farmers as well as self help groups and Farmer Producers Organizations (FPOs) and if any, individual farmer avails the scheme within ?1.6 lakh, no collateral or bank guarantee would be required and for self help groups availing the scheme within or up to ?10 lakh, no collateral or bank guarantee would be required.
The scheme will be distributed across the State and the applicants need to apply at the concerned deputy commissioner office in their respective districts. About ?300 crore investments would be done in the sector, out of which the government subsidy component would be of ?120 crore.
Arunachal Pradesh is an Indian state in Northeast India. It was formed from the erstwhile North-East Frontier Agency region, and became a state on 20 February 1987. It borders the states of Assam and Nagaland to the south.
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By: Neeraj Chauhan

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