Overview of Mukhyamantri Krishak Byaj Mafi Yojana
MP Mukhyamantri Krishak Byaj Mafi Yojana is the biggest scheme for the welfare of farmers. With the implementation of this amazing scheme, 11 lakh farmers in MP will benefit because the interest of Rs 2123 crore of those farmers will be waived off. If you have received the loan for agriculture from the Madhya Pradesh government and your interest has significantly increased, which you are unable to pay, then you may get yourself registered under this scheme, after which your interest amount will be waived off by the government.
Benefits of the Mukhyamantri Krishak Byaj Mafi Yojana
- This scheme was launched to waive off the interest of the economically weaker farmers.
- Under this scheme, loans to 11 lakh defaulter farmers will be waived off.
- The interest amount of Rs 2123 crore will be totally waived off by the government for the welfare of farmers.
- A provision of Rs 350 crore has been made by the government for the success of this scheme.
- Farmers would get freedom from debt after availing of the benefits of this scheme.
Purpose of Mukhyamantri Krishak Byaj Mafi Yojana
The purpose of the Mukhyamantri Krishak Byaj Mafi Yojana was to waive the interest of the farmers who defaulted on paying back the crop loans and were unable to purchase fertiliser and seeds. According to this scheme, the interest amount of those farmers will be borne by the government, and the economically weak farmers will get freedom from debt. To get yourself registered for this scheme, you need to fill out the application form, and if the form is accepted, the amount will be transferred to your bank account until the end of the month.
ELIGIBILITY
- Only permanent residents of Madhya Pradesh will get the benefit of the scheme.
- Only farmer brothers will be able to get the benefit of the scheme.
- Those farmer brothers who have been declared defaulters by the bank will get the benefit of the scheme.
- Under the scheme, only the interest of the farmers till March 31 in the year 2023 will be waived along with the loan.
- The benefit of the scheme will be given to such farmers whose Aadhaar card is linked to their bank account.
RELATED – Mukhyamantri Kaushal Samvardhan Yojana- Purpose and Benefits- Know in Detail
Documents Required
- Aadhar card
- permanent certificate
- loan documents
- income certificate
- bank account
- passport size photo
- mobile number
- land related documents
How to Apply
Online Apply
- Want to tell you that this scheme has recently been started by the Madhya Pradesh government. Therefore, we have not yet received any information about how to apply for the scheme. As soon as the government provides any information about the process of online application in the scheme, we will include that information in this article, so that you can apply for the scheme and take advantage of the scheme.
Offline Apply
- Farmers whose names are included in the list can go to the office of their committee and get the application form.
- In this application form, you have to fill all the information asked and attach the necessary documents.
- After this you have to submit this application form in the office of the same committee.
- After this, the form will be verified by the committee, and then if everything is correct, you will also be given a certificate of being defaulter free. And then you will get the benefit of this scheme.
Important Links
N/A
Contact Details
N/A
FAQ
Who can apply in this Scheme?
Only the citizens of MP are eligible to apply in this scheme.
Is Aadhar Card Required for this Scheme?
Yes Aadhar Card Required for this Scheme.
How to Find Other Government Schemes?
Go to our website’s search section and then search with the scheme name.
Is Bank Account details required for this Scheme?
Yes Bank Account details required for this Scheme?
Is Passport size photo required for this Scheme?
Yes Passport size photo required for this Scheme?
RELATED – MP Mukhyamantri Yuva Udyami Yojana (MMYUY)- Purpose and benefits- Know in Detail
Conclusion
The Chief Minister’s Farmer Interest Waiver Scheme, also known as the Mukhyamantri Krishak Byaj Mafi Yojana, is an important agricultural program in some Indian states that aims to lessen farmers’ financial burdens. By waiving or subsidizing the interest on agricultural loans that farmers have obtained from financial institutions, this plan seeks to offer relief to them. It assists in easing the debt-related hardships that farmers frequently experience as a result of crop failures, natural catastrophes, or other agricultural obstacles. The program improves agricultural sustainability, strengthens rural economies, and ensures that farmers continue to have access to credit by easing their financial burdens, thereby enhancing their general well-being and means of subsistence.
POPULAR SEARCH TERMS
Mukhyamantri Kaushal Samvardhan Yojana, MP Mukhyamantri Yuva Udyami Yojana (MMYUY), Pashudhan Bima Yojana, MP Mukhyamantri Arthik Kalyan Yojana (MMAKY), MP Fasal Bima Yojana, MP Yuva Kaushal Kamai Yojana, Mukhyamantri Shramik Seva Prasuti Sahayata Yojana, Nari Samman Yojana, Mukhyamantri Bal Hriday Upchar Yojana, MP Vidhwa Pension Yojana, MP Mukhyamantri Awas Bhu-adhikar Yojna/Scheme, MP Birsa Munda Swarojgar Yojana/Scheme.