Categories: State News

UP cabinet approves Atma Nirbhar Krishak development scheme

Uttar Pradesh Cabinet has approved the Atma Nirbhar Krishak development scheme for boosting the agriculture sector. Atma Nirbhar Krishak development scheme will be implemented from the current financial year. Under this scheme, 1,475 Farmer Producer Organisations (FPOs) will be formed in the next three years in each development block.

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Under the scheme:

The scheme will provide a long-term debt financing facility for investment in viable projects for postharvest management infrastructure and community.
Rs 1 lakh crore will be provided by banks and financial institutions as loans to Primary Agricultural Credit Societies, Marketing Cooperative Societies, Self Help Groups, farmers, and joint liability groups.
All loans will be provided with an interest subvention of 3 per cent per annum up to a limit of Rs 2 crore. The scheme will be funded through the Agriculture Infrastructure Fund(AIF).

Important takeaways for all competitive exams:

UP Capital: Lucknow;
UP Governor: Anandiben Patel;
UP Chief minister: Yogi Adityanath.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.