UP Farmers’ Loan – The year 2026 is about to begin, followed by the UP Assembly elections in 2027. The next year will be crucial for the Yogi government in the run-up to the 2027 elections. The Uttar Pradesh government has won the hearts of farmers in UP by giving them a major gift.

Chief Minister Yogi Adityanath has announced that small and marginal farmers will receive loans from the Cooperative Village Development Bank at only 6 per cent interest. The state government will bear the burden of the remaining interest. Currently, loans from the LDB (Land Development Bank) attract an interest rate of approximately 11 per cent, which is quite difficult for farmers to repay. This announcement by the state government is being considered a significant gift.

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How much interest will have to be paid?

UP Chief Minister Yogi Adityanath has announced a reduced interest rate on loans for farmers from the Village Development Bank. Farmers will have to pay a total of per cent interest on loans taken from the LDB. The state government will pay the remaining interest under the Chief Minister’s Farmers’ Prosperity Scheme.

Until now, loans from the LDB carried an interest rate of approximately per cent, which was a burden on the farmers’ pockets. This announcement was made during the Youth Cooperative Conference and UP Cooperative Expo 2025 held at the Jupiter Hall of the Indira Gandhi Pratishthan in Lucknow.

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What did CM Yogi say?

Chief Minister Yogi Adityanath said that, furthering Prime Minister Narendra Modi’s vision of “Prosperity through Cooperation,” the government has also created a Ministry of Cooperation. Under the leadership of Amit Shah, the country’s first Minister of Cooperation, the cooperative movement has received new direction and strength.

He added that the United Nations declaring 2025 as the International Year of Cooperatives is proof of India’s cooperative power. CM Yogi also stated that there are more than 8.44 lakh cooperative societies in the country, with more than 30 crore people associated with them. In the last 11 yeadigitisationtion, e-governance, and the use of technology have increased transparency in the cooperative sector and curbed corruption.