- The state government of Assam has announced three schemes worth Rs 1,000 crore for the welfare of farmers and benefit the 27 lakh agricultural households. All 3 schemes will cover 5 lakh farmers in the 1st phase.
Schemes
- Assam Farmers’ Credit Subsidy Scheme (AFCSS)
- Assam Farmers’ Interest Relief Scheme (AFIRS)
- Assam Farmers’ Incentive Scheme (AFIS)
AFCSS
- The state government would reimburse 25 percent of the loan amount taken by the farmers from banks, irrespective of whatever amount of loan they took and whatever amount they repaid. The scheme would benefit 2.62 lakh families of farmers and cover about Rs 500 crore.
AFIRS
- Currently three percent of the seven percent interest against farm loan is paid by the Central government and the remaining four per cent is required to be paid by farmers. To give relief to farmers, the state government has decided to pay the remaining four per cent loan. The scheme will cover around 11 lakh farmers and cost around Rs 200 crore.
AFIS
- The government is focusing on bringing back the defaulting farmers into the banking system. The government will give one-time cash incentive of up to Rs 10,000 for activating the KCC accounts. The scheme will cover around 3 lakh farmers at a cost of around Rs 300 crore.