By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
en_US English
en_US English hi_IN हिन्दी
India United PressIndia United Press
Notification Show More
Latest News
Bengal assembly passes bill that requires hospitals to display charges
June 17, 2025
Marvel’s Fantastic Four reboot gives first glimpse of original comic villain | Watch
June 17, 2025
Woman drops 5 kg in a month with ChatGPT’s diet plan: Here’s the exact prompt she used for her weight loss journey
June 17, 2025
Federal judge calls on NASCAR, teams to settle bitter antitrust battle
June 17, 2025
Is Trump addressing the nation tonight amid Israel-Iran conflict? What we know
June 17, 2025
Aa
  • Home
  • News
  • Regional
  • Editor’s Choice
  • World
  • Politics
  • Business
  • Health
  • Culture
  • Technology
  • More
    • Entertainment
    • Lifestyle
    • Sports
Reading: Ensure easy loans for farmers at affordable rates: U.P. CM to cooperative dept officials
Share
India United PressIndia United Press
Aa
Search
  • Home
  • Latest News
  • Regional
  • Editor’s Choice
  • Politics
  • World
  • Business
  • Health
  • Culture
  • Technology
  • Entertainment
  • Lifestyle
  • Sports
  • hi_INहिन्दी
  • en_USEnglish
Have an existing account? Sign In
Follow US
  • Home
  • News
  • Regional
  • Editor’s Choice
  • World
  • Politics
  • Business
  • Health
  • Culture
  • Technology
  • More
India United Press > News > Ensure easy loans for farmers at affordable rates: U.P. CM to cooperative dept officials
News

Ensure easy loans for farmers at affordable rates: U.P. CM to cooperative dept officials

Press Room
Press Room May 20, 2025
Updated 2025/05/20 at 12:46 AM
Share
SHARE

Uttar Pradesh chief minister Yogi Adityanath has directed officials to boost the income and ensure economic empowerment of small and marginal farmers in the state through Mukhyamantri Krishak Samriddhi Yojana.

Uttar Pradesh chief minister Yogi Adityanath. (HT file)

Chairing a review meeting of the cooperative department here on Monday, the CM said, “Increasing the income of small and marginal farmers as well as ensuring transparency and efficiency in the implementation of the cooperative schemes should be top priorities of the department.”

The detailed framework of the ambitious Mukhyamantri Krishak Samriddhi Yojana was presented during the review meeting. Lauding the scheme as visionary and farmer-centric, Yogi called for active involvement of NABARD and cooperative banks in its effective implementation.

“The state government is continuously working to relieve farmers of debt, enhance agricultural productivity and promote self-reliance. Providing farmers with easy access to loans at affordable interest rates must be a key priority. The proposed scheme is expected to be a significant step toward achieving these goals,” he said.

The CM stressed the importance of timely and efficient execution of the schemes. He instructed officials to focus on expanding the loan distribution capacity of cooperative banks, modernising bank branches through financial support, and streamlining access to credit for farmers. A comprehensive proposal for the scheme should be prepared soon, Yogi said.

During the meeting, the CM also made a detailed review of the cooperative sector and told the officials to strengthen the role of cooperative institutions.

According to the data presented in the meeting, loan disbursement by the Uttar Pradesh Cooperative Bank Limited has grown from ₹9,190 crore in 2017 to ₹23,061 crore in 2025, with the bank recording a net profit of ₹100.24 crore.

During the same period, the total business of District Cooperative Banks rose from ₹28,349 crore to ₹41,234 crore, with a net profit of ₹162 crore.

Over the past eight years, crop loans amounting to ₹11,516 crore and long-term loans worth ₹393 crore have been distributed across the state. Additionally, 34.45 lakh metric tons of fertilisers were distributed, 25.53 lakh metric tons of paddy were procured, and 1.94 lakh metric tons of pulses and oilseeds were purchased.

Under the Agriculture Infrastructure Fund (AIF) scheme, 375 warehouses with a combined capacity of 37,500 metric tonnes have been constructed to enhance the state’s storage capacity.

Additionally, since 2017, 1,060 warehouses with a total capacity of 1,17,350 metric tonnes have been developed under the Rashtriya Krishi Vikas Yojana (RKVY). The construction of 100 new warehouses is planned for 2025–26.

Furthermore, under the nation’s largest grain storage scheme, warehouses with capacities ranging from 500 to 1,000 metric tonnes are proposed to be established at 24 B-PACS centres across 16 districts.

Highlighting the need for further expansion in storage infrastructure, the CM directed the officials to prepare a suitable policy to encourage private sector participation. He also instructed them to bring about comprehensive reforms in the functioning of Pradeshik Cooperative Federation (PCF) and ensure timely payments to rice millers.

To improve operational efficiency in the cooperative sector, the Yogi emphasised expediting the recruitment process for vacant banking and non-banking positions through IBPS and to ensure that cooperative institutions deliver services more efficiently and effectively.

A discussion on the involvement of M-PACS committees in commercial activities was also held in the meeting. The officers informed the CM that the committees had been integrated with services such as PDS, Jan Aushadhi Kendras, CSCs, PM Kisan Samman Kendras and procurement under MSP.

Under digital transformation scheme, computerization efforts are progressing in phases; 1,539 Multipurpose Primary Agricultural Credit Societies (M-PACS) committees are digitised in phase I, 1,523 in phase II and 2,624 in phase III.

Regarding cybersecurity, the officers said the Uttar Pradesh Cooperative Bank Limited and 50 district cooperative banks are being integrated with NABARD’s CBS cloud platform, ensuring secure and streamlined banking operations.

The CM reiterated to make cooperative institutions self-reliant and farmers’ access to technology and credit. Marketing of the products should be top priority of the state government. He asserted that policy reforms must continue with the ultimate goal of empowering and enriching Uttar Pradesh’s farmers through cooperation.

Source

Press Room May 20, 2025
Share this Article
Facebook TwitterEmail Print
Share
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular News
Editor's Choice

Bitcoin rallies back above $40,000 to show some recovery signs

Press Room Press Room April 12, 2022
Musk eyeing Twitter deal? Speculations grow as he avoids board
THEMIS ECOSYSTEM TACKLES THE GAIA HYPOTHESIS AND CIRCULAR ECONOMY, MAKING THEM PERFECTLY USABLE
Ditch and dump the plastic for better alternatives
India’s ‘Unicorn Couple’ aim for first startup IPO within a year
- Advertisement -
Ad imageAd image

You Might Also Like

News

Bengal assembly passes bill that requires hospitals to display charges

June 17, 2025
News

Akhilesh does not understand ABCD of Modi’s vision: Keshav

June 17, 2025
News

‘Missiles fall almost every day, we run for life when the siren goes off’

June 17, 2025
News

BCCI pleas on arbitration awards dismissed in Kochi IPL franchise case

June 17, 2025

Trending Now

  • Money
  • Art & Books
  • Trending
  • International
  • Technology
  • LifeStyle
  • Politics

About US

We, India United Press, believe in free, pure, and unabridged information for all. Correct news should be provided with a touch of education, sprinkled with entertainment, and wrapped in warm but concise language.
Quick Link
  • About
  • Privacy Policy
  • Contact
  • My Bookmarks
Top Categories
  • Business
  • Politics
  • RegionalHot
  • Technology
Top Topics
  • India
  • Business
  • Culture
  • BollywoodLive
Top Resources
  • ScienceNew
  • World
  • Lifestyle
  • Sports

© 2022 All Rights Reserved – Blue Planet Global Media Network

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?