Thiruvananthapuram: When the credit guarantee scheme formulated by the Union authorities for the fundamental services within the agricultural sector accomplished one and a half years of its operations, solely Rs 47 crore has been disbursed in Kerala beneath the programme. Rs 2,520 crore was put aside for Kerala until 2025- 26. Within this, the state has obtained approval to distribute Rs 82 crore through 87 programmes. It has been discovered that the shortage of campaigns to tell the farmers concerning the mortgage availing programme has resulted in a scarcity of functions. In view of this, the state authorities has determined to provoke campaigns for the programme.
The scheme assures a mortgage of as much as Rs 2 crore for producing infrastructure and crop storage services within the agricultural sector. The Central authorities will guarantee a guarantee and the banks can cost curiosity of solely 9 per cent. Of this, three per cent of the curiosity will probably be paid by the Centre. The mortgage must be repaid inside 7 years. The farmers can avail mortgage from solely commercial-rural banks and Kerala Bank.
Andhra Pradesh, Madhya Pradesh and Karnataka are the states performing properly within the credit guarantee scheme launched in 2020. Out of the Rs 1 lakh crore determined to distribute, solely Rs 5000 crore has been allotted thus far.
A staff from the Centre will arrive in Kerala on June 24 to analyse the progress of the scheme right here.
For extra info, contact:
6235277042- Thiruvananthapuram, Kollam, Pathanamthitta, Alappuzha, Kottayam
7010994083- Idukki, Ernakulam
8075480273- Thrissur, Palakkad, Malappuram
8921785327- Wayanad, Kozhikode
8547565214- Kannur, Kasaragod