Madhya Pradesh chief minister Shivraj Singh announced Farmers Entrepreneur Scheme Madhya Pradesh to provide loans to the children of farmers. Under this scheme the state government of Madhya Pradesh will provide affordable loans to the son and daughter of farmers. This scheme is announced by CM Shivraj Singh in his maiden talk show, Dil Se, like Prime Minsiter Narendra Modi’s monthly radio address, Mann Ki Baat.
The son and daughters of the farmers will be provided loan upto Rs. 10 Lakh under Farmers Entrepreneur Scheme Madhya Pradesh.
Details & Highlights of Farmers Entrepreneur Scheme Madhya Pradesh
Here are the highlights & details of MP Farmers Entrepreneur Scheme.
- Under this scheme sons and daughters will be given loans from Rs 10 lakh to Rs 2 crore with 15% grant and 5% grant on interest for 5 years.
- The farmers will also be given the loan to establish custom processing centres where farmers can get their produce cleaned and graded.
- The loan will be provided with the help of the banks.
- The farmers will get 40% grant on a loan up to Rs 25 lakh and there will be 1,000 custom processin centres in the first phase.
The state government of Madhya Pradesh is going to launch this scheme to provide financial assistance to the children of the farmers of the state. The loan under Farmers Entrepreneur Scheme Madhya Pradesh will be provided for the time of period of 5 years.