COP-34 Financial Assistance to Farmer for Interest Subvention (Kishan Credit Card Interest Asst.)
Under this scheme, financial assistance in the form of interest subvention is provided to farmers who repay their crop loans on time, helping them improve their agricultural productivity and economic well-being.
About the COP-34 Financial Assistance to Farmer for Interest Subvention (Kishan Credit Card Interest Asst.) Scheme
The scheme "COP-34 Financial Assistance to Farmer for Interest Subvention (Kishan Credit Card Interest Asst.)" introduced by the Agriculture, Farmers Welfare and Cooperation Department, Gujarat, aims to support farmers by offering a 4% interest subvention on crop loans up to ₹3 lakh, provided the loan is repaid on time. This assistance helps farmers reduce their financial burden, improve crop yield, and enhance their income. It also encourages responsible financial practices among farmers.
Benefits
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Name of Component Standard of AssistanceMinimum Time Limit (in Year) for Reclaiming BenefitsCOP-34, Financial assistance to farmer for Interest Subvention4% interest subvention on timely repayment of crop loan taken by farmers up to ₹3,00,000/-only once in a financial year<br>
Eligibility Criteria
- The applicant must be a farmer.
- The farmer should have taken a short-term crop loan during the Kharif season (1st April to 30th September) from any of the following:
- Primary Agricultural Credit Cooperative Society
- District Central Cooperative Bank
- Nationalized Bank
- Gramin Bank
- Private Bank
- The farmer should have repaid the loan on time.
How to Apply for COP-34 Financial Assistance to Farmer for Interest Subvention (Kishan Credit Card Interest Asst.)
Application mode: Offline
- The bank from which the crop loan has been availed by the farmer has to submit the integrated interest subvention proposal of its area of operation to the Registrar, Co-operative Societies, Gujarat State, Gandhinagar.
Frequently Asked Questions
What is the COP-34 Financial Assistance to Farmer for Interest Subvention (Kishan Credit Card Interest Asst.) scheme?
The scheme &quot;COP-34 Financial Assistance to Farmer for Interest Subvention (Kishan Credit Card Interest Asst.)&quot; introduced by the Agriculture, Farmers Welfare and Cooperation Department, Gujarat, aims to support farmers by offering a 4% interest subvention on cr…
Who is eligible for COP-34 Financial Assistance to Farmer for Interest Subvention (Kishan Credit Card Interest Asst.)?
The applicant must be a farmer. The farmer should have taken a short-term crop loan during the Kharif season (1st April to 30th September) from any of the following: Primary Agricultural Credit Cooperative Society District Central Cooperative Bank Nationalized Bank Gramin Bank Private Bank The farm…
What benefits does COP-34 Financial Assistance to Farmer for Interest Subvention (Kishan Credit Card Interest Asst.) provide?
<br Name of Component Standard of AssistanceMinimum Time Limit (in Year) for Reclaiming BenefitsCOP-34, Financial assistance to farmer for Interest Subvention4% interest subvention on timely repayment of crop loan taken by farmers up to ₹3,00,000/-only once in a financial year<br
How can I apply for COP-34 Financial Assistance to Farmer for Interest Subvention (Kishan Credit Card Interest Asst.)?
The bank from which the crop loan has been availed by the farmer has to submit the integrated interest subvention proposal of its area of operation to the Registrar, Co-operative Societies, Gujarat State, Gandhinagar.
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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