UP government will pay the loan interest of farmers, Kisan Credit Card loan also in just 5 minutes

Summary

CM Yogi Adityanath at a program in UP. (Image: @myogiadityanath) Regarding Kisan Credit Card, Chief Minister Yogi Adityanath said in a program on Thursday that when the Annadata farmer earlier went to take loan through Kisan Credit Card (KCC), he had to wait from 25 days to one month. But now the same farmer is…

UP government will pay the loan interest of farmers, Kisan Credit Card loan also in just 5 minutes

CM Yogi Adityanath at a program in UP. (Image: @myogiadityanath)
Regarding Kisan Credit Card, Chief Minister Yogi Adityanath said in a program on Thursday that when the Annadata farmer earlier went to take loan through Kisan Credit Card (KCC), he had to wait from 25 days to one month. But now the same farmer is getting loan facility in just five minutes through e-KCC. Our agricultural loan for the year 2026-27 is Rs 3 lakh crore, which has increased by 13 percent as compared to before. This is good governance and we have to move forward more strongly in this direction.

The Chief Minister was addressing on the occasion of State Debt Seminar and release of State Focus Paper 2026-27 organized at Lok Bhavan on Thursday. He said that today the government and Annadata farmers are together thinking about how to use Artificial Intelligence (AI) in farming. With the inspiration of Prime Minister Narendra Modi, AI agriculture platform has been announced in the Union Budget and Uttar Pradesh is moving fast in this direction. On this occasion, the Chief Minister also honored many FPOs (Farmer Producer Organization) on the stage.

Disabled and women led FPOs become role models for the state

The Chief Minister said that the models presented in the seminar are an inspiration for the entire state. Kasya Milk Producer FPO, run by Divyangjan, with 1,005 members, is a living example of this. In areas like Eastern Uttar Pradesh, which were earlier considered weak, people with disabilities have set a new example with their hard work and ability. This is an eye-opening work and for this they all deserve congratulations. Referring to the mustard production company of Mathura with 750 women, the Chief Minister said that I myself have seen their exhibition.

New life to MSME, ODOP scheme becomes identity of UP

CM Yogi said that the cooperative sector is also changing. Under the vision of “From Co-operation to Samriddhi”, digitization, e-governance and transparent policies have ensured good governance and accountability in cooperative institutions. Uttar Pradesh is the first state in the country, which is working with the World Bank in the field of Agri-Tech. Agriculture, MSME, women, agri-tech and youth entrepreneurship are the priorities of the government today. Recalling the situation before 2017, the Chief Minister said that the mafia was dominant in the cooperative sector. The Reserve Bank had declared 16 district government banks as defaulters and ordered their closure. Today, under our government, 15 out of these 16 banks have become profitable and the 16th is also being brought into profit.
Our government took the MSME sector forward as One District-One Product (ODOP). Today Uttar Pradesh is the first state in the country, which is providing security insurance of Rs 5 lakh to the MSME sector. Today, 96 lakh MSME units are operating in the state and about 3 crore families are dependent on this sector. ODOP has been made a brand by connecting technology, market, packaging and designing. The result is that the export of the state has increased from Rs 84 thousand crore to Rs 1.86 lakh crore. When the Prime Minister goes abroad, he gifts ODOP products to the heads of state.

UP’s agricultural economy changed due to the strength of FPO

Underlining the strength of FPOs of Uttar Pradesh, the Chief Minister mentioned the Uttar Pradesh International Trade Show. He said that in this trade show organized in Greater Noida, the best performance was from FPO and food processing sector. The Chief Minister said that the credit-debit ratio (CD ratio) of the state has increased from 43 percent to 61 percent in 9 years. The target is to reach it to 62 percent by March 31 this year and to 65 percent in 2026-27.

Loan to farmers at 5 to 6 percent interest rate

The Chief Minister said that concrete steps have been taken through cooperatives to empower small and marginal farmers in Uttar Pradesh. Earlier, farmers used to get loans at 11 percent interest rate, which put a burden on the farmers and the banks were also in loss because their money was lost. Our government has given clear instructions that loans should be provided to small and marginal farmers at an interest rate of 5 to 6 percent, the rest will be supported by the government. When farmers get loans at easy interest rates and easy installments, they will invest in farming, adopt technology and their income will naturally increase.

Free electricity to 16 lakh tube wells

The Chief Minister said that UP is not only the country but the first state in the world, where 86 percent of the land is irrigated. Free electricity is being provided to 16 lakh tube wells, irrigation from canals is free and solar panels have been given to one lakh farmers. 10 years ago, Uttar Pradesh’s contribution to the country’s economy was only 8 percent, whereas today it has increased to 9.5 percent.

Banks should simplify loan conditions

Chief Minister Yogi Adityanath appealed to the bankers to make the conditions as easy as possible in loan distribution and support farmers, FPOs, MSMEs and people associated with cooperatives with a positive attitude. Just making policy is not enough, its impact should be visible on the ground. For this, it is necessary to form small groups and provide targeted training and prepare master trainers. They should be sent directly among those who want to move forward through FPO, MSME, service sector, She-Mart model proposed for Lakhpati Didi or cooperative institutions. On this occasion, State Government Finance and Parliamentary Affairs Minister Suresh Kumar Khanna, Agriculture Minister Surya Pratap Shahi, NABARD General Manager Pankaj Kumar and Reserve Bank Regional General Manager Pankaj Kumar were present.