UP: Yogi Government Makes This Big Announcement for Farmers
UP Farmer’s Loan Rate Reduced: The Uttar Pradesh's Yogi Adityanath government has announced a major relief for the state's farmers. CM Yogi Adityanath announced that small and marginal farmers will now receive loans from the Land Development Bank (LDB) at an interest rate of only 6%. The government will bear the burden of the remaining interest.
The state government will pay the remaining interest under the Mukhya Mantri Krishi Samriddhi Yojana. Until now, loans from the LDB carried an interest rate of approximately 11.5 percent, which was an additional burden on farmers.
This announcement was made by CM Yogi during the Youth Cooperative Conference and UP Cooperative Expo-2025 held at the Jupiter Hall of the Indira Gandhi Pratishthan in Lucknow. This event was organized under the International Year of Cooperatives 2025, where several important issues related to cooperatives were discussed.
Chief Minister Yogi Adityanath said that, furthering Prime Minister Narendra Modi's vision of "Prosperity through Cooperation," the central government created a Ministry of Cooperation for the first time.
Yogi said that there are more than 8.44 lakh cooperative societies in the country, with more than 30 crore people associated with them.
The Chief Minister targeted the previous governments, saying that the cooperative sector had been weakened due to the "one district, one mafia" system, and thousands of crores of rupees belonging to farmers had been stuck. He said that the approximately 4700 crore rupees that were stuck in the 16 cooperative banks whose licenses were revoked have been gradually returned to the farmers. The goal now is to move towards "one district, one cooperative bank."