Krishak Samriddhi Yojana: Big news for farmer’s. Chief Minister Yogi Adityanath has given a significant gift to the farmers of Uttar Pradesh. In addition to the Kisan Credit Card, they can now also obtain loans of up to Rs 6 lakh under the Chief Minister’s Farmer Prosperity Scheme. Furthermore, the Yogi government will provide a subsidy on the interest charged on these loans.
The Chief Minister’s Farmer Prosperity Scheme currently offers loans at an 11 percent interest rate, but the government has introduced a 5 percent subsidy, bringing the effective rate down to just 6 percent. This means you can borrow Rs 6 lakh at this reduced rate. The Chief Minister unveiled a dedicated portal for this initiative today. CM Yogi highlighted that farmers previously accessed loans from the Uttar Pradesh Cooperative Rural Development Bank at 11 percent interest, which has now been cut to 6 percent.
Understanding the Chief Minister’s Farmer Prosperity Portal
Chief Minister Yogi Adityanath officially launched the Chief Minister’s Farmer Prosperity Portal (UPCDC) app. You can access this portal at https://mksyldb.in/ to submit your loan applications.
Steps to Register on the Krishak Samriddhi Portal
To apply for a loan, you’ll need to create an account on the Krishak Samriddhi Portal.
Begin by visiting the Krishak Samriddhi Portal at mksyldb.in
Click on the ‘Apply for Loan’ option
Select your district, branch, tehsil, and block
Provide your Gram Panchayat name and village details
Fill in your requirements, including the loan amount you need
Share your complete address
Enter your mobile number to receive an OTP, then verify it
Set up your password and complete registration
Applying for a Rs 6 Lakh Loan
The loan application process involves four straightforward steps. First, choose the scheme that suits your needs. Second, complete the application form—you can do this conveniently from home using your computer or smartphone. Third, the bank will review and approve your application, thoroughly checking all your documents. Fourth, the approved funds will be deposited directly into your account.
What are the things for which you can get a loan?
Minor Irrigation Scheme: Minor Irrigation, SRTO, Agricultural Mechanization and Beekeeping
Animal Husbandry and Housing: Dairying, Animal Husbandry, Rural Housing, Poultry and Fisheries
NBCFDC: Loans for Employment Oriented and Income Generating Schemes
Education Loan: Education loan for the education of children from rural families
How much installment will have to be paid for a loan of Rs 6 lakh?
If you want to know how much EMI you will have to pay on a loan up to Rs 6 lakh, then you can find out by visiting the portal.
To know the EMI, first visit the portal
Click on ‘Know your EMI now’ and you will find the calculator here.
Enter the loan amount you want and the number of years you want to repay it.
The calculator will calculate and tell you how much EMI you will have to pay.