Arunachal Pradesh Chief Minister Krishi Rinn Yojana

Scheme Introduction: A Brief Overview

If you are a farmer in Arunachal Pradesh looking for an affordable way to finance your crop, the Chief Minister Krishi Rinn Yojana (CMKRY) is worth knowing about. Run by the Government of Arunachal Pradesh, this scheme lets farmers take a crop loan through the banking system and pay little to no interest on it. It does this in two steps: the state government picks up part of the interest cost upfront, and it rewards farmers who repay on time with a further cut. Put together, a farmer who borrows within the scheme's limit and clears the loan on schedule ends up paying effectively no interest at all.

Here is how the numbers work. A farmer can take a crop loan or a Kisan Credit Card (KCC) limit of up to Rs. 3 lakh through any bank in the state. On this amount, the government provides a 4 percent interest subvention, and an on-time repayment earns another 3 percent relief per year. Between the two, the interest burden disappears for anyone who borrows within the Rs. 3 lakh ceiling and pays back promptly - which is exactly the point of the scheme: making formal bank credit a real, affordable alternative for farmers who might otherwise turn to costlier informal lenders.

Not every farmer or every crop qualifies, though. CMKRY is built around seasonal cultivation, so it does not extend to loans taken for perennial food crops or plantation crops. To be considered, a farmer must hold land in Arunachal Pradesh and get this backed up with a Land Holding Certificate from the local Circle Officer (CO), EAC, BDO, SDO, ADC, or DC office. That certificate travels with the loan application through the Circle Officer, who confirms the applicant genuinely possesses the land and is growing the crop being financed, before the file ever reaches a bank.

Scheme Benefits

The benefits available under the Arunachal Pradesh Chief Minister Krishi Rinn scheme are given below:

• Interest subvention of 4 percent provided by the Government of Arunachal Pradesh on crop loans and Kisan Credit Card limits.
• An additional 3 percent per annum interest relief for farmers who repay their loan on time.
• Effectively zero interest on crop loans up to Rs. 3 lakh for farmers who repay within the due period.
• Loan facility available up to Rs. 3 lakh through the Kisan Credit Card route.
• Access to formal bank credit in place of informal or high-interest local moneylending.
• Single-window processing, with the Circle Officer certifying land possession so that banks can process loan applications faster.

Eligibility Requirements

To qualify for this scheme, a farmer needs to meet the following conditions:

• Be a farmer residing in Arunachal Pradesh.
• Hold agricultural land in the state, backed by a Land Holding Certificate.
• Be taking, or already holding, a Kisan Credit Card or crop loan from a bank operating in Arunachal Pradesh.
• Keep the loan amount within the Rs. 3 lakh limit to claim the full interest benefit.
• Do not be growing perennial food crops or plantation crops, since the scheme is meant for seasonal cultivation only.

Required Documents

Keep the following documents ready before you apply for the Chief Minister Krishi Rinn Yojana.

• Land Holding Certificate issued by the local Gaon Buras (GBs)
• Certificate of area and crop being cultivated issued by the Circle Officer (to be accepted as a valid document by banks for issuance of KCC).
• Aadhaar Card.
• Aadhaar-seeded bank account details.
• Other requirements as prescribed by the bank for loan formalities.

Steps to Apply

Applying for Chief Minister Krishi Rinn Yojana (CMKRY) involves the following steps:

• Obtain a Land Holding Certificate from the concerned Circle Officer (CO)/EAC/BDO/SDO/ADC/DC office as per the enclosed form (Annexure-A).
• The loan application is forwarded through the Circle Officer, who certifies that the applicant owns land.
• Benefits are extended to farmers availing KCC.
• Application can be made at any bank.
• Fill out the application form with accurate and complete details.
• Attach the necessary documents as specified by the bank and submit the completed application form to the bank.
• The application is forwarded through the Circle Officer for land possession certification.
• After submission, the bank processes the KCC/crop loan application. Once sanctioned and disbursed, the interest subvention benefit is applied by the bank. NABARD reimburses the subvention amount to the bank.

Application Form

• Chief Minister Krishi Rinn Yojana Application Form.

Important Links

• Arunachal Pradesh Chief Minister Krishi Rinn Yojana Details
• Arunachal Pradesh Chief Minister Krishi Rinn Yojana Notification
• Chief Minister Krishi Rinn Yojna Guidelines.
• Department of Agriculture, Arunachal Pradesh.

Contact Details

• Chief Minister Krishi Rinn Yojana Nodal Department Helpline Number:-
  360-2244252