Mahendra Tiwari, Lucknow
Published by: Dushyant Sharma
Updated Sat, 04 Sep 2021 04:28
Chief Minister Yogi Adityanath
– Photo : Amar Ujala
The state government has prepared a new scheme based on the Agriculture Infrastructure Fund (AIF) of the central government. NABARD provides loans from this fund at an interest rate of about 9%. For the loan, the concerned institution has to invest 10 percent margin money. The central government gives 3% interest subvention and credit guarantee on loans taken up to Rs 2 crore for farmer needs. But, agriculture provides loans to cooperative societies (PACS) at one percent interest rate.
Under the proposed scheme, the state government is preparing to give margin money and FPOs, 3% interest subsidy to the institutions related to agri-businesses on its behalf. The center provides 3 percent interest subsidy. In this way, these institutions will be able to get loans at an interest rate of less than 3 percent. By developing agricultural infrastructure, these institutions will be able to reduce the cost of farming and increase the income of the farmers. This scheme has been prepared under the direction of Agriculture Production Commissioner Alok Sinha and Additional Chief Secretary Agriculture Dr. Devesh Chaturvedi. Chief Minister Yogi Adityanath has agreed in principle to this. Preparations have been started to get it approved by the cabinet.
1500 packs will get margin money, 1500 godowns will be built
Agricultural Cooperative Societies (PACS) providing fertilizers, seeds and other facilities in the state are unable to take advantage of the scheme of AIF due to lack of margin money. To take full advantage of this scheme, the state government has prepared a proposal to give margin money of Rs.4-4 lakh to 1500 packs of the state. Each PACS will have a project sanction of 20 lakhs. The state government will give Rs 4 lakh as margin money. 16 lakh will be received from AIF. Its interest rate will be one percent. All these packs will make up the warehouse.
Will constitute 625 FPOs every year, 3000 new jobs per year
The state government will form 625 FPOs every year for the next five years. Apart from the institutions of the central government, the state’s UP DAS, Horticulture Federation, qualified FPOs and voluntary organizations will work for their formation. The plan is to give Rs 5-5 lakh per year to the cluster based business organization forming FPO and Rs 6-6 lakh to the newly formed FPO for three years for 5 years. An average investment of 1.5 crore is planned from each FPO. Loans will be provided to FPOs for creation of post-harvest infrastructure facilities at 3% interest rate. With this 1000 farmers associated with FPO will get direct benefits. Directly 3,000 employment opportunities will be created per year.
140 crore for 27 mandis of the state
A plan of Rs 140 crore has been prepared for the creation of post-harvest storage and management infrastructure in 27 mandis of Krishi Utpadan Mandi Parishad. Mandi Parishad will also be able to increase resources by availing loan from AIF at an interest rate of only 3 per cent.
Main benefits of the scheme
- Up to 1% reduction in cost by installation of modern silos.
- Availability of machines reduces cost by up to 3%.
- Post-harvest losses can be reduced by 5 percent by setting up cold storage.
- Increase in organic farming by 10-20%.
- Long distance transportation of fresh produce by refrigerated transport can reduce wastage by up to 5 percent.