YSR Sunna Vaddi Panta Runalu (Zero Interest Crop Loan Scheme)

Why it matters

Lets farmers who repay their crop loan on time avoid paying any interest, with the state government covering the interest on their behalf.

What you get

Under this scheme the Andhra Pradesh government reimburses the interest on short-term crop loans (up to a notified limit, raised over time) taken from cooperative banks, commercial banks and regional rural banks, provided the farmer repays the loan within the stipulated period. The benefit particularly supports women members of self-help groups, who can additionally access SHG-linked loans of Rs.20,000 to Rs.40,000 at zero interest. This reduces the cost of working capital for the crop season.

Eligibility criteria

• Farmer holding a valid crop (Kisan Credit Card) loan from an eligible bank in Andhra Pradesh
• Loan repaid within the prescribed period to qualify for interest waiver
• Self-Help Group women members are eligible for the SHG component

How to apply

1. 1

   Take a crop loan through your bank or cooperative society using your Kisan Credit Card

2. 2

   Repay the loan within the due date to qualify for the interest waiver

3. 3

   Interest subsidy is credited back to the farmer's account by the government through the bank

Documents required

• Kisan Credit Card / loan account details
• Aadhaar card
• Land records