Mukhyamanthri Raitha Unnathi Yojane: FPO Interest Subvention Scheme Announced in Karnataka Budget 2023-24

Karnataka government announced to launch a new Mukhyamanthri Raitha Unnathi Yojane 2026 to encourage better performing farmer producer organizations (FPOs). This article explains the details of Mukhyamanthri Raitha Unnathi Yojane as announced in Karnataka Budget 2023-24.

Scheme has been closed or it was a one time scheme which has been closed by the government.

Karnataka Mukhyamanthri Raitha Unnathi Yojane 2026

Finance Minister presented Karnataka Budget 2023-24 on 17 February 2023. While presenting the budget, FM said "To encourage better performing Farmer Producer Organizations (FPO), under the 'Mukhyamanthri Raitha Unnathi Yojane', interest subvention will be provided for loans up to Rs. 10 lakhs taken through banks for a term of 5 years".

Raithasiri Scheme in Karnataka Budget 2023-24

FM said "Karnataka is one of the leading millet producers in the country. As part of the International Year of Millets, an incentive of Rs. 10,000 per hectare will be provided to minor millets growers under 'Raithasiri' scheme to promote area expansion, production and to increase productivity. Along with this, under the new scheme of Mukhyamanthri Raitha Unnathi Yojane, priority will be given to providing subsidy to Farmer Producer Organizations undertaking processing, grading and packing at field level".

While presenting Karnataka Budget 2023-24, FM also said "1,000 lakes will be developed in the state under 'Sahasra Sarovara' programme. Under 'Sahyadri Siri', development works will be taken up in Coastal, Malenadu and SemiMalenadu areas for conservation of water in summers by taking up development works including wells, check dams and canals. For these two projects a grant of Rs. 75 crore is earmarked".

Overview of Mukhyamanthri Raitha Unnathi Yojane

Source / Reference Link: Karnataka Budget 2023-24 Speech PDF