[Apply] Rajasthan Interest-Free Farm Loan Scheme 2021 (ब्याज मुक्त फसली ऋण योजना) Online Application / Registration Form, List of Documents, Details

Ever since our independence, there have been several schemes launched for the betterment of farmers who happen to be the backbone of our economy. And yet, year after year, we get to hear of farmers falling into the depths of debts and more often than not unable to find their way out of the predicament.

To be in a position to help the farmers and to enable them to make a living for themselves, the Rajasthan government has come up with an interest-free Farm loan for Farmers in Rajasthan – the Byaj Mukt Fasal Rin yojana.

About the Rajasthan Byaj Mukt Fasal Rin Yojana

Under the implementation of this scheme, the Rajasthan government has decided to offer farmers in the state loans at 0% interest rate. This will be a loan granted to farmers to help them with their agricultural produce. The prime objective of this scheme is to provide loans to farmers so as to benefit them in tough times.

How to apply for the Interest-free Agricultural Loan scheme?

In order to apply for the scheme, the interested farmer will have to fill a Rajasthan Interest-Free Farm loan scheme application form. This Byaj Mukt scheme will work on an invitation basis, and eligible candidates will be informed through the official portal of the state government at the official online portal of the Rajasthan Government.

In order to avail of the benefit, the applicant has to apply online and the benefits would be offered to the farmer only after his application is thoroughly verified.

Salient features of the scheme:

  • The scheme would ideally offer financial assistance to the farmer to carry out agricultural activities
  • With no interest attached to the loan, the farmer can think about repaying the loan whenever he can afford it.
  • Without any interest piling up, farmers can focus on their farming, and if their produce is not up to the mark, they would not have to worry much about the loan in the first place.
  • Farmers usually worry about having to pay off their debts and with that chip on their shoulder, they cannot entirely focus on the needs of their farm, which ends up making matters worse for them.

Through the implementation of the scheme, farmers in Rajasthan can now breathe a sigh of relief, as they can be well funded for their agricultural needs, while also not having to worry about paying debts off.

Summing it up

For a long, farmers in Rajasthan have worried about a massive pile of loans to pay. This scared them enough to approach banks and even apply for loans for the very fact that they felt they cannot repay them.

With these loans in place, farmers can now dare to dream and expect to make returns from their arduous efforts. Now, farmers won’t have to struggle to barely make ends meet. Farmers now can focus on farming and leave the finances for later.

Similar Yojanas

Schemes launched by the state government

The state governments of India are the next important government bodies right after the central government of the country. The state governments constitute 28 states and 8 union territories

India is a democratic and republic country wherein highest authorities and powers are proffered to the central government. For the state government, real executive powers are given to Chief Minister as he is responsible for heading the Council of Ministers. The state governments of India work toward internal security, such as police department, social welfare, public health betterment and other similar state-related issues. The state government of the country earns its employee income from sales tax services, stamp duty services, and from some parts of GST.

The state governments have launched a variety of schemes so far. Some of the examples are as follows:

In Andhra Pradesh, Chandranna Bima Yojana, National Energy Efficient Agriculture Pumps Program, and Smart Pulse Survey have been launched. In Assam, Mass Rapid Transit System has been recently launched. In Maharashtra, Police Pratisaad Ask services and various schemes for the betterment of farmers have been launched. In Karnataka, PM Santwana Harish Yojana, and Housing scheme for Transgenders have been launched. In Uttar Pradesh, Deen Dayal Upadhyay Gram Jyoti Yojana, Hausla Paushan scheme, and Swadhar Greh yojana have been launched.

The state government of India monitors both rural and urban development. However, it is not feasible for the state government to monitor all rural and urban local government bodies. Thus, based on the provided funding and coverage, rural and urban local entities create development plan whenever required. These government entities work in close association with planning commission and local or regional government sectors and authorities.

Apart from these schemes, the state government also ensures the effective implementation of centrally sponsored schemes in respective states.