Odisha Government Launches “Balaram Yojona” for Landless
Farmers
The state
Government of Odisha has launched a scheme for the landless farmers or
sharecroppers in the state. The scheme is named as “Balaram Yojona”.
As a sequel to
the Kalia Scheme of the Odisha Government , the Balaram Yojona was announched
back in 2019 during the Vidhan Sabha Elections in Odisha.
The loans
under the Balaram Yojona will be disbursed through joint liability groups. The
loans will be available on the basis of social collateral. The credit facility
to around 7 lakh farmers will be implemented in the next years. For ths, 140000
groups of farmers have been formed, in the current financial year, 70000 such
groups of farmers will be able to avail the credit while the remaining during
the next financial year.
Each of these
groups will comprise of 5 landless farmers. A loan of Rs 1.6 lakh will be
provided to each of the farmer's groups.
In a
collaboration between the Department of Agriculture and Farmers (of the Odisha
Government) and National Bank for Agriculture and Rural Development (NABARD)the
Balaram Yojona has been created.
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