The Directorate of Agriculture extend a helping hand to the farmers by providing a lucrative interest subsidy scheme on crop loan. Under the scheme “lnterest Subsidy on loans for agriculture & allied activities” Government of Goa provide the interest subsidy of 4%o in addition to interest subsidy of 3% provided by Govemment of India for short term crop loan upto Rs.3.00 lakh and for long term crop loan upto Rs. 5.00 Lakhs. Interest Subsidy is also provided on working capital for Animal Husbandry and Fisheries activities. This results in farmers accessing loans at an unpredictable Zero percent interest rates, a pivotal step towards ensuring financial sustainability for the dedicated farmers. It is important to note that the interest subsidy is provided only upon prompt repayment of loans to the banks.
The Primary objective of the Scheme is to encourage and support farmers in pursuing agriculture on a viable and lucrative activity. It provides timely and adequate credit to the farmers to meet their cultivation expenses. For loans upto Rs.3.00 lakhs farmers can obtain Kisan credit card from banks where banks provides loan upto Rs.l.60 Lakhs without security and with security upto Rs.3.00 lakhs loan.
During recently held “State Credit Seminar” organised by NABARD, Chief Minister of Goa has stated that Kisan credit card is the Right of every farmers and appealed to all the banks to provide the loans generously to all the eligible farmers. All the eligible farmers are urged to seize their golden opportunity and avail themselves of the interest subsidy provided by Directorate of Agriculture. The Agriculture loan can be availed through all the banks including primary Agriculture cooperative Societies (PACS) and Vividh karyakari Sahakari Saunsthas (VKSS).
