: Agricultural sector in Arunachal Pradesh will grow: Khandu #finance #StockMarketNEWS #Business Itanagar: Arunachal Pradesh Chief Minister Pema Khandu Thursday expressed hope that the farming sector
Agricultural sector in Arunachal Pradesh will grow: Khandu #finance #StockMarketNEWS #Business
Itanagar: Arunachal Pradesh Chief Minister Pema Khandu Thursday expressed hope that the farming sector of the state, which has been witnessing a very slow growth, would receive a boost and rural economy based on agriculture would see a steep growth.
Khandu along with state Agriculture Minister Tage Taki during the day virtually gave away 44 tractors and 22 power-tillers to beneficiary farmers of Lower Dibang Valley during the inaugural ceremony of the day-long expo-cum-Kisan Mela being held at Roing, headquarters of the district.
“The state government is committed to hand-hold the farming sector and I assure my farmer friends that sufficient fund allocation would be kept in this year’s budget too, to continue with the schemes,? the Chief Minister said. The state government had in September last year launched two ambitious schemes, one in agriculture sector ‘Atma Nirbhar Krishi Yojna’ and the other for horticulture ‘Atma Nirbhar BagwaniYojna’.
The distribution of tractors and power-tillers during the day, are part of the Atma Nirbhar Krishi Yojana under implementation by the state Agriculture department as well as the Centre’s Sub-Mission on Agriculture Mechanization (SMAM), an official communiqué said here.
The scheme is based on front-end subsidies and beneficiaries are being provided credit-links by State Bank of India, Arunachal Pradesh Rural Bank and the Arunachal Pradesh Cooperative Apex Bank that comprises of 45 per cent government subsidy, 45 per cent bank loan and remaining as investment by the beneficiary.
Khandu thanked the banks, especially SBI, for cooperating with the state government in providing credit links to beneficiaries seamlessly in a very short period of time.
“Credit must be given to our partner banks for releasing a total of Rs 91 crore to the beneficiaries till date from the targeted 120 crore. I hope that the same zeal and zest will be continued,? the Chief Minister said.
Khandu pointed that as this being the first year of implementation of the scheme, there might have been few shortcomings and assured that the department would work on these and ease them out for next year.
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