Mukhyamantri Krishak Samriddhi Yojana: The Uttar Pradesh government has launched the ‘Mukhyamantri Krishak Samriddhi Yojana’ for small and marginal farmers. Under this scheme, farmers can receive financial assistance for farming and related activities. The state government is providing long-term loans of up to ₹6 lakh at an interest rate of 6% to eligible farmers.
The primary objective of this scheme is to provide farmers with the necessary funds for agriculture and to alleviate their debt burden. Let us explore the details of this scheme—specifically, who can avail of its benefits and how much interest rate relief it offers.
What is the Mukhyamantri Krishak Samriddhi Yojana?
It is worth noting that while loans under this scheme were originally offered at an 11% interest rate, the rate has been reduced to 6%. This effectively means farmers are receiving a 5% concession on the interest rate. Additionally, the government has announced plans to benefit approximately 5 lakh small and marginal farmers over the next five years.
किसानों के लिए आसान होगा रियायती कृषि ऋण
मुख्यमंत्री कृषक समृद्धि योजना के तहत लघु एवं सीमांत किसानों को कृषि एवं संबद्ध गतिविधियों के लिए 6% वार्षिक ब्याज दर पर ₹6 लाख तक के ऋण की सुविधा उपलब्ध कराने की योजना है। https://t.co/fe6TZJ286s
“>October 12, 2026
Which farmers will benefit?
The benefits of the Mukhyamantri Krishak Samriddhi Yojana are exclusively for small and marginal farmers in Uttar Pradesh. To be eligible, farmers must own up to two hectares of cultivable land. Compliance with bank loan terms and the submission of necessary documents will also be required.
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What are the benefits regarding interest rates?
Under the Mukhyamantri Krishak Samriddhi Yojana, the government provides a subsidy on the interest rate. While the standard interest rate is around 11%, the state government offers a subsidy of 5%. Consequently, eligible farmers are required to pay an annual interest rate of 6%.
Budget allocated for the scheme
According to available information, the Uttar Pradesh government has made a budgetary provision of ₹38 crore for the Mukhyamantri Krishak Samriddhi Yojana. The state government’s primary aim with this scheme is to benefit approximately 5 lakh small and marginal farmers. This government scheme will provide farmers with financial assistance for agriculture-related activities, which will subsequently lead to an increase in their income.