Zero Interest Crop Loan Scheme for Farmers in Assam

Assam Government has decided to provide Zero Interest Crop Loan to the farmer of the state. The government announced Zero Interest Crop Loan Scheme recently in the budget 2017-18. Under this scheme, the government provides a loan of Rs. 1 lakh at zero percent interest to the farmers. The scheme helps to encourage the financial inclusion and increase the scope of expansion of credit flow to rural areas, particularly to the farmers. The main objective of the scheme is to provide them with financial backing in order to increase the agricultural sector and to support the farmers in the state. The state government has allocated a budget of Rs. 25 Crore for Zero Interest Crop Loan Scheme. This scheme helps to increase the production and productivity of various components of agriculture & allied sector. Assam government has taken excellent intuitive for the farmers by providing them zero percent interest crop loan

Benefits of Zero Interest Crop Loan Scheme:

• Government provides loan of Rs. 1 lakh at zero percent interest to the farmers in Assam state
• It helps farmers financially in the agriculture sector
• It helps to increase the agricultural income

Eligibility for Zero Interest Crop Loan Scheme:

1. Applicant should be resident of Assam state
2. All farmers are eligible to take a loan of Rs.1 lakh without any interest

Documents required for Zero Interest Crop Loan Scheme:

1. Aadhaar card
2. Agriculture land proof
3. Bank account details
4. Passport size photos

Application Procedure:

1. Applicant should visit nearest SBI bank branch
2. Applicant also visit Agriculture Department In Assam

References & Details:

1. For more details about Zero Interest Crop Loan Scheme for Farmers in Assam visit: http://assam.gov.in/web/agriculture-department