Latest news with #MukhyamantriKrishakSamriddhiYojana
Hindustan Times
20-05-2025
- Business
- Hindustan Times
Ensure easy loans for farmers at affordable rates: U.P. CM to cooperative dept officials
Uttar Pradesh chief minister Yogi Adityanath has directed officials to boost the income and ensure economic empowerment of small and marginal farmers in the state through Mukhyamantri Krishak Samriddhi Yojana. Chairing a review meeting of the cooperative department here on Monday, the CM said, 'Increasing the income of small and marginal farmers as well as ensuring transparency and efficiency in the implementation of the cooperative schemes should be top priorities of the department.' The detailed framework of the ambitious Mukhyamantri Krishak Samriddhi Yojana was presented during the review meeting. Lauding the scheme as visionary and farmer-centric, Yogi called for active involvement of NABARD and cooperative banks in its effective implementation. 'The state government is continuously working to relieve farmers of debt, enhance agricultural productivity and promote self-reliance. Providing farmers with easy access to loans at affordable interest rates must be a key priority. The proposed scheme is expected to be a significant step toward achieving these goals,' he said. The CM stressed the importance of timely and efficient execution of the schemes. He instructed officials to focus on expanding the loan distribution capacity of cooperative banks, modernising bank branches through financial support, and streamlining access to credit for farmers. A comprehensive proposal for the scheme should be prepared soon, Yogi said. During the meeting, the CM also made a detailed review of the cooperative sector and told the officials to strengthen the role of cooperative institutions. According to the data presented in the meeting, loan disbursement by the Uttar Pradesh Cooperative Bank Limited has grown from ₹9,190 crore in 2017 to ₹23,061 crore in 2025, with the bank recording a net profit of ₹100.24 crore. During the same period, the total business of District Cooperative Banks rose from ₹28,349 crore to ₹41,234 crore, with a net profit of ₹162 crore. Over the past eight years, crop loans amounting to ₹11,516 crore and long-term loans worth ₹393 crore have been distributed across the state. Additionally, 34.45 lakh metric tons of fertilisers were distributed, 25.53 lakh metric tons of paddy were procured, and 1.94 lakh metric tons of pulses and oilseeds were purchased. Under the Agriculture Infrastructure Fund (AIF) scheme, 375 warehouses with a combined capacity of 37,500 metric tonnes have been constructed to enhance the state's storage capacity. Additionally, since 2017, 1,060 warehouses with a total capacity of 1,17,350 metric tonnes have been developed under the Rashtriya Krishi Vikas Yojana (RKVY). The construction of 100 new warehouses is planned for 2025–26. Furthermore, under the nation's largest grain storage scheme, warehouses with capacities ranging from 500 to 1,000 metric tonnes are proposed to be established at 24 B-PACS centres across 16 districts. Highlighting the need for further expansion in storage infrastructure, the CM directed the officials to prepare a suitable policy to encourage private sector participation. He also instructed them to bring about comprehensive reforms in the functioning of Pradeshik Cooperative Federation (PCF) and ensure timely payments to rice millers. To improve operational efficiency in the cooperative sector, the Yogi emphasised expediting the recruitment process for vacant banking and non-banking positions through IBPS and to ensure that cooperative institutions deliver services more efficiently and effectively. A discussion on the involvement of M-PACS committees in commercial activities was also held in the meeting. The officers informed the CM that the committees had been integrated with services such as PDS, Jan Aushadhi Kendras, CSCs, PM Kisan Samman Kendras and procurement under MSP. Under digital transformation scheme, computerization efforts are progressing in phases; 1,539 Multipurpose Primary Agricultural Credit Societies (M-PACS) committees are digitised in phase I, 1,523 in phase II and 2,624 in phase III. Regarding cybersecurity, the officers said the Uttar Pradesh Cooperative Bank Limited and 50 district cooperative banks are being integrated with NABARD's CBS cloud platform, ensuring secure and streamlined banking operations. The CM reiterated to make cooperative institutions self-reliant and farmers' access to technology and credit. Marketing of the products should be top priority of the state government. He asserted that policy reforms must continue with the ultimate goal of empowering and enriching Uttar Pradesh's farmers through cooperation.
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Business Standard
19-05-2025
- Business
- Business Standard
Cooperative bank loan disbursal crosses Rs 23K cr in 8 years in UP: CM Yogi
Uttar Pradesh Chief Minister Yogi Adityanath on Monday termed the rise in cooperative bank loan disbursal to over Rs 23,000 crore in eight years as a remarkable achievement and underscored the role of cooperatives in empowering farmers and realising the vision of a self-reliant rural economy. Only through cooperatives, the dream of a self-reliant farmer can be realised. Rise in cooperative bank loan disbursal to over Rs 23,000 crore in eight years is a remarkable achievement, the Chief Minister said while directing officials to roll out the Mukhyamantri Krishak Samriddhi Yojana, aimed at increasing the income and economic empowerment of small and marginal farmers in the state. Chairing a high-level review meeting of the Cooperation Department, Adityanath called for enhanced participation of NABARD and cooperative banks in the proposed scheme. He said the scheme must be implemented in a time-bound and effective manner, with an emphasis on modernising cooperative bank branches and ensuring easy access to affordable credit for farmers. The Chief Minister also stressed the need for a detailed project proposal to be prepared and submitted at the earliest. Reviewing the overall performance of cooperative institutions, he directed that transparency, efficiency, and farmer income enhancement must remain key priorities. According to data presented during the meeting, the Uttar Pradesh Cooperative Bank Limited's loan disbursement rose from Rs 9,190 crore in 2017 to Rs 23,061 crore in 2025, while net profit touched Rs 100.24 crore. District cooperative banks' total business expanded from Rs 28,349 crore to Rs 41,234 crore, recording a net profit of Rs 162 crore during the same period. Between 2017 and 2025, the state disbursed Rs 11,516 crore as crop loans and Rs 393 crore as long-term loans. Fertiliser distribution stood at 34.45 lakh metric tonnes, paddy procurement at 25.53 lakh metric tonnes, and procurement of pulses and oilseeds at 1.94 lakh metric tonnes. To boost storage infrastructure, 375 warehouses with a total capacity of 37,500 MT have been constructed under the Agriculture Infrastructure Fund. 1,060 warehouses with a combined capacity of 1,17,350 MT have been established under the Rashtriya Krishi Vikas Yojana since 2017. For 2025-26, the construction of 100 new warehouses is planned, the statement said. The Chief Minister instructed officials to frame a policy to encourage private sector participation in expanding storage capacity. He also called for reforms in the functioning of PCF (Pradeshik Cooperative Federation) and timely payments to rice millers. To address staffing shortages, Adityanath directed expediting recruitment for banking and non-banking positions in cooperative institutions through the Institute of Banking Personnel Selection (IBPS), aimed at improving operational efficiency and service quality. On cyber security, it was noted that UP Cooperative Bank Limited and 50 district cooperative banks are being integrated with NABARD's Core Banking Solution (CBS) cloud platform. Cooperative institutions must be made self-reliant while ensuring that farmers have access to technology, credit, and markets, Adityanath said.
Time of India
19-05-2025
- Business
- Time of India
Cooperative bank loan disbursal crosses Rs 23,000 cr in 8 years in UP: CM Adityanath
Uttar Pradesh Chief Minister Yogi Adityanath on Monday termed the rise in cooperative bank loan disbursal to over Rs 23,000 crore in eight years as a "remarkable achievement" and underscored the role of cooperatives in empowering farmers and realising the vision of a self-reliant rural economy. "Only through cooperatives, the dream of a self-reliant farmer can be realised. Rise in cooperative bank loan disbursal to over Rs 23,000 crore in eight years is a remarkable achievement," the Chief Minister said while directing officials to roll out the Mukhyamantri Krishak Samriddhi Yojana , aimed at increasing the income and economic empowerment of small and marginal farmers in the state. Chairing a high-level review meeting of the Cooperation Department, Adityanath called for enhanced participation of NABARD and cooperative banks in the proposed scheme. He said the scheme must be implemented in a time-bound and effective manner, with an emphasis on modernising cooperative bank branches and ensuring easy access to affordable credit for farmers. Continue to video 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Chi phí cấy ghép răng là bao nhiêu vào năm 2025 (kiểm tra giá) Cấy ghép răng | Quảng cáo tìm kiếm Undo The Chief Minister also stressed the need for a detailed project proposal to be prepared and submitted at the earliest. Reviewing the overall performance of cooperative institutions, he directed that transparency, efficiency, and farmer income enhancement must remain key priorities. Live Events According to data presented during the meeting, the Uttar Pradesh Cooperative Bank Limited's loan disbursement rose from Rs 9,190 crore in 2017 to Rs 23,061 crore in 2025, while net profit touched Rs 100.24 crore. District cooperative banks' total business expanded from Rs 28,349 crore to Rs 41,234 crore, recording a net profit of Rs 162 crore during the same period. Between 2017 and 2025, the state disbursed Rs 11,516 crore as crop loans and Rs 393 crore as long-term loans. Fertiliser distribution stood at 34.45 lakh metric tonnes, paddy procurement at 25.53 lakh metric tonnes, and procurement of pulses and oilseeds at 1.94 lakh metric tonnes. To boost storage infrastructure, 375 warehouses with a total capacity of 37,500 MT have been constructed under the Agriculture Infrastructure Fund. 1,060 warehouses with a combined capacity of 1,17,350 MT have been established under the Rashtriya Krishi Vikas Yojana since 2017. For 2025-26, the construction of 100 new warehouses is planned, the statement said. The Chief Minister instructed officials to frame a policy to encourage private sector participation in expanding storage capacity. He also called for reforms in the functioning of PCF (Pradeshik Cooperative Federation) and timely payments to rice millers. To address staffing shortages, Adityanath directed expediting recruitment for banking and non-banking positions in cooperative institutions through the Institute of Banking Personnel Selection (IBPS), aimed at improving operational efficiency and service quality. On cyber security, it was noted that UP Cooperative Bank Limited and 50 district cooperative banks are being integrated with NABARD's Core Banking Solution (CBS) cloud platform. "Cooperative institutions must be made self-reliant while ensuring that farmers have access to technology, credit, and markets," Adityanath said.
