Altogether 41 beneficiaries have received a total of Rs 40 lakh as loan under the scheme of KCC through JLG (Joint Liability Group) from Punjab National Bank yesterday with the initiative of Bagma Agree Producer Company Ltd. (BAPCL) at Hadra Panchayet in Udaipur of Gomati District.
Pranajit Singha Roy, Minister of Agriculture has inaugurated this loan distribution programme. He said that this type of loan system was very helpful for the farmers in view to do agriculture in the state Tripura.
“This type of loan system is very relevant in the nick of time. The Prime Minister is trying to empower the country’s farmer and the government declared different schemes in order to double farmer’s income in the long run. Not only agriculture but also the agriculture and allied sectors are being given importance by the central government under the leadership of Narendra Modi” The Minister said.
Sudip Majumder, Founder of BAPCL said, “This type of initiative has taken by Punjab National Bank for the first time in history. Farmers need loan and they are availed loans through KCC. As the farmers of Tripura unable to show their land documents to the bank for loans, the banks unable to provide them an adequate loans. In this case JLG is the only way for farmers to collect loans from banks. Joint Liability Group (JLG) is a concept established in India in 2014 by the rural development agency National Bank for Agriculture and Rural Development (NABARD) to provide institutional credit to small farmers. This is the first time in Tripura that the farmers have received the loan for agriculture from the bank through JLG under KCC”.
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