In agriculture, farmers often face not so much crop problems as financial difficulties. Significant funds are required for irrigation setup, purchasing necessary agricultural machinery, or creating permanent field structures, and expensive loans only worsen the farmers' situation.
Considering this issue, the Uttar Pradesh government has initiated the 'Mukhyamantri Krishi Samriddhi Yojana' program. This program was launched by Mukhyamantri Yogi Adityanath on September 23, 2026. According to the terms, small and medium farmers will be provided with a long-term loan of up to 6 lakh rupees at an annual interest rate of 6%. Furthermore, farmers who repay payments on time will receive a subsidy of 5% of the interest from the state.
The main goal of this initiative is to provide farmers with access to capital at a reduced interest rate for long-term investments in agriculture. It is not just a mechanism to cover daily farming expenses; it is designed to help farmers build resources and infrastructure that promote the potential of their farms.
Under this scheme, qualified farmers can receive a long-term loan of up to 6 lakh rupees at a preferential rate of 6% per annum. The government commits to providing a subsidy of 5% of the loan interest. However, this bonus is available only to farmers who adhere to the repayment schedule of their monthly payments.
The main advantage of the program is the opportunity to obtain a long-term loan at a low interest rate. This allows farmers to secure relatively cheap credit to meet large agricultural needs. The funds obtained can be used to purchase irrigation systems, agricultural machinery, equipment, or create other permanent agricultural assets.
The government's objective is for farmers to be able to invest in their farm through accessible credit, thereby strengthening the potential for growth in their productivity and income.
Not only does the low rate of 6% make this program attractive. The Uttar Pradesh government will provide a subsidy of 5% of the interest paid on the loan. Nevertheless, this benefit depends on whether the farmer makes payments on time. Therefore, it is crucial for the farmer to pay close attention to payment dates and loan terms after receiving it. Late payment can negatively affect the receipt of the interest subsidy.
The 'Mukhyamantri Krishi Samriddhi Yojana' program is specifically designed for small and medium farmers in the state of Uttar Pradesh. The operator of the program is Uttar Pradesh Cooperative Gram Vikas Bank Limited. The farmer must possess legal documents related to land use and agriculture. Land documents, such as Khasra-Khatauni, must be correct and current for application submission.
It is important to note that the program is not limited only to farmers who have never taken out loans before. According to available information, farmers who already have a loan can also participate in this program, although the final decision on eligibility will depend on document verification and compliance with bank requirements.
Information regarding the specific uses of the loan is not detailed in this section.
Applications for participation in the program can be submitted through the Uttar Pradesh Cooperative Gram Vikas Bank, as well as through a special electronic portal launched by the government for online submission. Additionally, the farmer can approach the nearest cooperative bank branch to inquire about the procedure. When applying, the farmer must prepare an identity card, bank account information, and land documents. Documents typically requested include Aadhaar Card, PAN Card, photograph, bank account details, proof of residence, and land records. The bank may also request project reports describing the cost and necessity of the loan for a specific purpose.
After submitting the application, the bank will conduct a verification of the farmer and their documents. Land records, the need for the loan, and information about planned agricultural activities will be examined. Then, the bank will decide on the loan issuance according to its rules. Therefore, before applying, the farmer must ensure that their land documents, including Khatauni, are updated. They must also provide the bank with accurate information about any existing or outstanding previous loans.
The Uttar Pradesh budget for the 2026-27 fiscal year allocated 38 crore rupees for the 'Mukhyamantri Krishi Samriddhi Yojana' program. Budget documents indicate that the program's goal is to provide interest subsidies for long-term loans to small and medium farmers, as well as support the Cooperative Gram Vikas Bank. Large-scale implementation of the program is planned. Data suggests that the goal over the next five years is to cover approximately 500 thousand farmers.
If you are a small or medium farmer from Uttar Pradesh and need funds for a large agricultural project, please note the following key points:
- Loan: maximum 6 lakhs
- Interest Rate: 6% per annum
- Interest Subsidy: 5%
- Loan Type: Long-term agricultural loan
- Primary Beneficiaries: Small and medium farmers of Uttar Pradesh
- Application Submission: Via Cooperative Gram Vikas Bank / Online Portal
- Crucial Condition: Timely payment of installments
The main objective of the program is to alleviate the burden of expensive loans on farmers and provide access to cheap capital for long-term agricultural investment. Thus, farmers who require funds for irrigation, machinery, or other agricultural assets can take advantage of this opportunity.
