Karnataka Gruhalaxmi Crop Loan Scheme Details Online
- Eligibility for Karnataka Gruhalaxmi Crop Loan Scheme
- Benefits of Karnataka Gruhalaxmi Crop Loan Scheme
- Required Documents for Karnataka Gruhalaxmi Crop Loan Scheme
- How to Apply for Karnataka Gruhalaxmi Crop Loan Scheme
Gruhalaxmi Crop Loan Scheme is a new scheme which is announced by chief minister H.D Kumaraswamy in the recent Budget 2019-20 of Karnataka Government. The main Objective of this scheme is to be able to get loans at lesser interest rates on the mortgage of ornaments like gold, silver, platinum etc. It would help all the farmers in the Karnataka state from the distress and enable them to avail soft loans for their crops. This Gruhalaxmi Crop Loans makes simple mortgage of farmers ornaments to get loans at very lower interest rates. By the implementation of this Scheme there will be a reduction in the number of suicidal deaths of farmers who die because of burden of debt and due to inability to get loans.
The farming community is very happy to hear about Gruhalaxmi Crop Loan Scheme 2019 from Karnataka Government. Farmers can obtain loans at just 3% interest by applying and getting loan through this scheme. To avail the Benefits of this scheme the farmer will have to mortgage their ornaments or jewellery. This Gruhalaxmi Crop Loan Scheme is going to help farmers who are in very bad situation. Till now Farmer community hear that the cheapest institutional interest rate is 9% and it became more cheaper by 3% interest through this scheme.
Due to most dry land present in Karnataka after Rajasthan and is affected by drought for 14 to 18 years. All the farmers are in desperate due to repeated losses. So, the Karnataka Government to boost the farmer wants that the financial conditions of the farmers gets improved.
Eligibility for Karnataka Gruhalaxmi Crop Loan Scheme
- The Applicant should be resident of Karnataka State.
- Applicant must be a active farmer
- Farmer should have the mortgage of ornaments like gold, silver, platinum etc.
Benefits of Karnataka Gruhalaxmi Crop Loan Scheme
- Farmer will get loans at lesser interest rates.
- Loan will be given on the mortgage of ornaments like gold, silver, platinum etc
- There will be a reduction in the number of suicidal deaths of farmers who die because of burden of debt and due to inability to get loans.
- Farmers can obtain loans at just 3% interest.
- It boosts the farmer to improve their financial conditions.
Required Documents for Karnataka Gruhalaxmi Crop Loan Scheme
- Proof of Identity
- Proof of Residence
- Jewellery/ornaments purchase bill.
- Farmer Card (To identify that he is in a filed of farming)
How to Apply for Karnataka Gruhalaxmi Crop Loan Scheme
Government of Karnataka has just announced about this scheme. Further process of implementation of the Gruhalaxmi Crop Loan Scheme will be done by coordination of various departments of Karnataka like agriculture and revenue department. The applications are not at started, we will update more details of the scheme like application procedure immediately after the release of the official notification.