COP-34 Financial Assistance to Farmer for Interest Subvention (Kishan Credit Card Interest Asst.)

DETAILS 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 Name of Component Standard of Assistance Minimum Time Limit (in Year) for Reclaiming Benefits COP-34, Financial assistance to farmer for Interest Subvention 4% interest subvention on timely repayment of crop loan taken by farmers up to ₹3,00,000/- only once in a financial year ELIGIBILITY 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.