Great news for farmers and rural entrepreneurs! The Ministry of Agriculture & Farmers Welfare (MoA&FW), Government of India, has launched the #ARISE (Agri & Rural Infrastructure Strengthening Endeavour)
Bank Campaign in collaboration with our nation’s leading banks. This exciting initiative runs from June 18th, 2024, to July 31st, 2024, and aims to empower you to build a stronger, more prosperous rural India.
What is #ARISE?
#ARISE is all about making access to finance easier for projects that improve our agricultural infrastructure. This includes things like:
@agriinfrafund , MoA&FW, GoI unveiling #ARISE (Agri & Rural Infrastructure Strengthening Endeavour) Bank campaign from June 18th, 2024 till July 31, 2024.#agriinfrafund #agrigoi #arise #AIFArise #bankcampaign #agriculture #ruralinfrastructure #empoweringagriculture #trendingnow… pic.twitter.com/svybZgQ7uw
— Agriculture Infrastructure Fund (@AgriInfraFund) June 18, 2024
- Storage facilities: Silos, cold storage units, warehouses – to keep your crops fresh and minimize spoilage.
- Mandis and processing units: Modernized marketplaces and processing facilities to get you better prices for your produce.
- Value addition projects: Setting up units for things like sorting, grading, and packaging to add value to your crops.
- Irrigation and micro-irrigation: Invest in efficient watering systems to maximize yield and save water.
- Farm machinery and equipment: Upgrade your tools and equipment for faster, more efficient farming practices.
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Why Participate?
There are many reasons to join the #ARISE Bank Campaign:
- Simplified loan process: Participating banks will offer streamlined application procedures for Agri Infra Fund loans.
- Attractive interest rates: Benefit from government subsidies and reduced interest rates on loans.
- Expert guidance: Banks will have dedicated teams to help you understand the scheme and guide you through the application process.
- Empowerment: By investing in infrastructure, you’ll improve your income, reduce wastage, and contribute to a stronger agricultural sector.
Who Can Participate?
The #ARISE campaign is open to a wide range of individuals and entities, including:
- Farmers (individual and groups)
- Farmer Producer Organizations (FPOs)
- Self-Help Groups (SHGs)
- Agri-preneurs
- cooperatives
How to Participate?
Get in touch with your nearest bank branch participating in the #ARISE campaign. They will guide you through the application process and help you identify projects that fit your needs and the scheme’s guidelines.
Don’t miss this golden opportunity! #ARISE and take your agricultural endeavors to the next level. Let’s build a stronger, more self-sufficient rural India, together!
For more information:
- Visit the Department of Agriculture & Cooperation website: https://agriwelfare.gov.in/en/Dept
- Contact your nearest bank branch.
FAQs
1.What kind of projects are eligible for #ARISE loans?
The campaign focuses on projects that improve agricultural infrastructure. This can include storage facilities, mandis, processing units, irrigation systems, and farm machinery.
2.What are the interest rates for #ARISE loans?
Interest rates will vary depending on the bank and the specific loan product. However, the #ARISE campaign aims to offer reduced rates with government subsidies.
3.Do I need any collateral to secure an #ARISE loan?
Collateral requirements may vary depending on the bank and the loan amount. However, the scheme aims to make loans accessible with flexible collateral options.
4.What documents do I need to apply for an #ARISE loan?
The specific documents required will be determined by the bank. Generally, you’ll need ID proof, land ownership documents (if applicable), project proposal, and financial statements.
5.How long does it take to get an #ARISE loan approved?
The loan approval process can vary depending on the bank and the complexity of your project. However, the #ARISE campaign aims to streamline the process for faster approvals.
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