To build homes, farmers are receiving loans of up to 50 lakhs; who may apply and what is the procedure?

 To build homes, farmers are receiving loans of up to 50 lakhs; who may apply and what is the procedure?

The Sahakari Gramme Awas Yojana would provide farmers in Rajasthan with loans of up to Rs 50 lakh for the construction of homes. The farmer needs to own the land in his own name in order to benefit from this scheme.

In Delhi. Numerous programmes are sponsored by the federal government and various states for farmers. The Rajasthani government has planned a similar programme that will provide loans to farmers for home construction. In reality, as part of the Sahakari Gramme Awas Yojana, farmers in Rajasthan would be provided loans of up to Rs 50 lakh to build homes. Additionally, farmers who repay their housing loans on time will receive a 5% interest subsidy.

Principal Secretary Shreya Guha provided information on this government programme, stating that farmers will receive loans from central cooperative banks for the construction of homes in their fields up to Rs 50 lakh in three installments. Farmers who borrow money will be required to pay a 6% interest rate under this plan.

to disburse a loan of Rs. 1500 billion

Let us inform you that beginning April 24, camps for dearness alleviation have been set up all around the state. Loans for farmers are to be disbursed by the government as quickly as possible once applications are received in these camps, according to a directive. The state government has reportedly set a goal of disbursing a loan under the Rajasthan Rural Family Economic Loan Scheme in the amount of around Rs 1500 crore. Under this, 234,000 applications have already been submitted concurrently.

How do you apply?

Under this programme, only farmers will be eligible to apply. The farmer needs his own land for farming. His bank account ought to be connected to his Aadhaar card concurrently. You must visit the closest bank to apply for this programme. From a bank representative there, you can learn more about the Sahakar Gramme Awas Yojana application.

Loan with a 15-year repayment schedule

Additionally, farmers are granted a lengthy 15-year repayment period for this loan. The owners of central cooperative banks have been given a target earning more than Rs 72 crore for this. Explain that the purpose of this programme is to give persons from BPL families steady jobs.