Odisha’s 1040 Crore Credit Loan Balaram Scheme for Landless Farmers

Odisha’s 1040 Crore Credit Loan Balaram Scheme for Landless Farmers– In 2018, the Orissa government introduced the KALIA (Krushak Assistance for Livelihood and Income Augmentation) scheme. It gave financial assistance of Rs. 10,000 to marginal farmers in the state.

Odisha’s 1040 Crore Credit Loan Balaram Scheme for Landless Farmers

Odisha’s 1040 Crore Credit Loan Balaram Scheme for Landless Farmers Details

Odisha’s 1040 Crore Credit Loan Balaram Scheme for Landless Farmers– The current system is a follow-up to this. Chief general manager of NABARD Mr A Chandra Sekar said that this was a first of a kind scheme in the country. And, the ATMA (Agriculture Technology Management Agency) will co-ordinate activities at the district level.

Balaram Scheme to Help Struggling Farmers
Odisha’s 1040 Crore Credit Loan Balaram Scheme for Landless Farmers

The Working of the Scheme

Odisha’s 1040 Crore Credit Loan Balaram Scheme for Landless Farmers– Landless farmers do not have any collateral. As a result, they find it hard to secure loans. As per this scheme, landless farmers can form joint liability groups, and this will act as their social collateral to ensure agricultural credit. Further, this is timely help from the government to farmers who are struggling because of the lockdown. According to agricultural officials, the database of landless farmers from the previous KALIA scheme will be useful.

Agencies Involved in the Scheme

Odisha’s 1040 Crore Credit Loan Balaram Scheme for Landless Farmers– The scheme is in collaboration with the National Bank for Agriculture and Rural Development. Also, 70,000 groups of farmers (5-10 in each group) will benefit from the scheme. Additionally, each group will receive a loan of up to 1.60 lakhs. The State Level Banker’s Committee will co-ordinate this.

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Under the ‘Balaram‘ scheme, the Odisha government will provide credit worth Rs 1040 crore to 7 lakh landless farmers in the next two years.

Odisha’s 1040 Crore Credit Loan Balaram Scheme

Odisha’s 1040 Crore Credit Loan Balaram Scheme for Landless Farmers-In all, the scheme seems like a saviour for a lot of struggling farmers. But a few concerns have been raised by the opposition. They feel that this scheme is to cover up the failure of the previous KALIA scheme. Though the plan sounds good on paper, we will have to wait and see to know how it pans out.

Which state has launched balram scheme to provide credit to 7 lakh landless farmers?

Odisha’s 1040 Crore Credit Loan Balaram Scheme for Landless Farmers– The Odisha Government recently launched Balaram Yojana to provide crop loans to landless farmers. The new scheme will help landless cultivators get loan through joint liability groups.

What is Balaram scheme in Odisha?

Odisha’s 1040 Crore Credit Loan Balaram Scheme for Landless Farmers– BHOOMIHINA AGRICULTURIST LOAN AND RESOURCES AUGMENTATION MODEL (BALARAM) scheme. BHOOMIHINA AGRICULTURIST LOAN AND RESOURCES AUGMENTATION MODEL (BALARAM) scheme of the state government to facilitate institutional credit facilities to the sharecroppers of Odisha.

Odisha Balaram Yojana 2022- Eligibility Criteria

Odisha’s 1040 Crore Credit Loan Balaram Scheme for Landless Farmers The farmer applying should be a landless farmer. The farmer applying for the scheme must be a permanent resident of Odisha state. He should not be the owner of any land.

What is Vasundhara scheme in Odisha?

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Vasundhara is a Government of Odisha scheme(launched in 2005-06) that set out to provide homesteads of up to 10 decimals of land to homesteadless families.

Odisha’s 1040 Crore Credit Loan Balaram Scheme for Landless Farmers– How can I add my name in Kalia Yojana?

Upload Documents For Self Registered Farmers (PM- Kisan)

  1. First of all, you have to go to the official website of Kalia Yojana.
  2. The home page will open in front of you.
  3. On the homepage, you need to click on upload documents for self-registered farmers (Pm Kisan)

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