How farmers can get a loan of ₹6 lakh at 6% interest: Know the step-by-step process..

The UP government has launched the 'Mukhyamantri Krishak Samriddhi Yojana' to provide long-term loans to small and marginal farmers for agricultural activities at concessional rates. Under this scheme, eligible farmers can avail of long-term loans of up to ₹6 lakh at an interest rate of just 6%. However, the benefit of an interest subsidy from the state government will be available only to those farmers who repay their loan installments on time; effectively, the 6% interest rate applies to those who adhere to the repayment schedule.

The UP government has sanctioned ₹384 crore for this scheme, with a target to benefit approximately 5 lakh farmers over the next five years. An online system will be promoted to make the loan approval process simple and transparent for farmers.

**Key Loan Details**
Under the Uttar Pradesh government's 'Mukhyamantri Krishak Samriddhi Yojana', small and marginal farmers are being offered long-term loans of up to ₹6 lakh for tenures ranging from 3 to 15 years at an annual interest rate of 6%.

*   **Maximum Loan Amount:** Up to ₹6 lakh
*   **Interest Rate:** 6% (5% interest subsidy/rebate upon timely repayment of installments)
*   **Loan Tenure:** 3 to 15 years
*   **Disbursement Agency:** Uttar Pradesh Cooperative Rural Development Bank Limited (UPSGVB)

**Step-by-Step Loan Application Process**
*   Visit the scheme's official portal or the nearest branch of the Uttar Pradesh Cooperative Rural Development Bank.

*   Prepare the required documents: Aadhaar card, PAN card, land records (*Khatauni*), passport-sized photograph, and proof of residence.

*   Fill out the 'Mukhyamantri Krishak Samriddhi Yojana' application form either at the bank branch or via the online portal.

*   Bank officials will verify your documents and agricultural land.

*   Upon confirmation of eligibility, the bank will disburse the loan amount directly into your account. How to Apply Online

First, visit the scheme's official website, mksyldb.in. Scroll down the homepage slightly to find the 'Apply for Loan' option and click on it. A new page will open where you need to provide details about your area. Next, enter the loan amount you require. Then, fill in your full name, address, and other personal details. Enter your mobile number and input the OTP sent to it. After that, create a password to facilitate future logins. Once the online registration is complete, your application is forwarded to the bank branch you selected. A bank field officer will physically verify your agricultural land and documents. If everything is found to be in order, the bank will approve the loan, and the funds will be transferred directly to your bank account.

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