Mukhyamanthri Raitha Unnathi Yojane Announced in Karnataka Budget 2023-24

Mukhyamanthri Raitha Unnathi Yojane Announced in Karnataka Budget 2023-24

Karnataka Governament has announced to launch a new Mukhyamanthri Raitha Unnathi Yojane 2023 soon. Under this scheme, the state govt. will encourage better performing farmer producer organizations (FPOs). In this article, we will tell you about the complete details of Mukhyamanthri Raitha Unnathi Yojane as per announcement made in Karnataka Budget 2023-24.

Karnataka Mukhyamanthri Raitha Unnathi Yojane 2023

Finance Minister has presented Karnataka Budget 2023-24 on 17 February 2023. While presenting the budget, FM said “To encourage better performing Farmer Producer Organizations (FPO), under the ‘Mukhyamanthri Raitha Unnathi Yojane’, interest subvention will be provided for loans upto Rs. 10 lakhs taken through banks for a term of 5 years”.

Raithasiri Scheme in Karnataka Budget 2023-24

FM mentioned “Karnataka is at the forefront of Millets production. As a part of the International Year of Millets, an incentive of Rs. 10,000 per hectare will be provided to minor millets growers under ‘Raithasiri’ scheme to promote area expansion, production and to increase productivity. Apart from this, under new scheme of Mukhyamanthri Raitha Unnathi Yojane, priority will be given for providing subsidy to Farmer Producers Organizations undertaking processing, grading and packing at field level”.

While presenting Karnataka Budget 2023-24, FM also said “1,000 lakes will be developed in the state under ‘Sahasra Sarovara’ programme. Under ‘Sahyadri Siri’, development works will be taken up in Coastal, Malenadu and SemiMalenadu areas for conservation of water in summers by taking up development works including wells, check dams and canals. For these two projects a grant of Rs. 75 crore is earmarked”.

Overview of Mukhyamanthri Raitha Unnathi Yojane

Name of SchemeMukhyamanthri Raitha Unnathi Yojane
BeneficiaryFarmer Producer Organizations (FPOs)
Interest SubventionOn loans upto Rs. 10 lakhs taken through banks
Loan Term5 years
Date of Announcement17 February 2023
Who Announced itFinance Minister, while presenting Karnataka Budget 2023-24
ObjectivesTo encourage better performing FPOs

Central OR State Information: State

Location : Karnataka

Published Date : 2023

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