Karnataka government has announced to launch a new Mukhyamanthri Raitha Unnathi Yojane 2024 soon. Under this scheme, the state govt. will encourage better performing farmer producer organizations (FPOs). In this article, we will tell you about the complete details of Mukhyamanthri Raitha Unnathi Yojane as per announcement made in Karnataka Budget 2023-24.
Karnataka Mukhyamanthri Raitha Unnathi Yojane 2024
Finance Minister has 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 upto Rs. 10 lakhs taken through banks for a term of 5 years”.
Raithasiri Scheme in Karnataka Budget 2023-24
FM mentioned “Karnataka is at the forefront of Millets production. As a 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. Apart from this, under new scheme of Mukhyamanthri Raitha Unnathi Yojane, priority will be given for providing subsidy to Farmer Producers 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
| Name of Scheme | Mukhyamanthri Raitha Unnathi Yojane |
| State | Karnataka |
| Beneficiary | Farmer Producer Organizations (FPOs) |
| Interest Subvention | On loans upto Rs. 10 lakhs taken through banks |
| Loan Term | 5 years |
| Date of Announcement | 17 February 2023 |
| Who Announced it | Finance Minister, while presenting Karnataka Budget 2023-24 |
| Objectives | To encourage better performing FPOs |
Source / Reference Link: https://finance.karnataka.gov.in/storage/pdf-files/1_BUDGET%20SPEECH(Eng).pdf