Karnataka Arthika Spandana Scheme 2023: Apply Online, Benefits & Status

Karnataka government will be launching a new scheme called Karnataka Arthika Spandana Scheme 2023 to help the agricultural sector continue its operation during the devastating period of the coronavirus pandemic. In this article, we will share with all of you the details about the new scheme which has been launched by the concerned authorities of Karnataka Government. We will share the eligibility criteria, educational criteria, benefits, objectives, and all of the other details regarding the scheme. We will also share with all of you the step-by-step application procedure which has been launched by the concerned authorities for all of the common public to apply for this new scheme.

About Karnataka Arthika Spandana Scheme

The new scheme which has been launched by the Karnataka Government will be providing a lot of benefits to the agriculture sector. Around rupees 39300 crores have been sanctioned to distribute loans among the agricultural sector of the Karnataka state. It is said that around 15,000 crore rupees will be dispersed among the agricultural sector. The farmers will be able to overcome all of the problems that they have been facing because of the coronavirus pandemic and the potential losses that they are incurring.

Objective Of Spandana Scheme

S.T. Somashekhar’s specialization had set an objective of dispensing crop advances to the tune of ₹15,300 crores this year. Up until now, ₹7,929.30 crores had been dispensed to 12.11 lakh ranchers at zero and 3 percent loan fees. Posting different advantages allowed to ranchers, he brought up that the administration had as of late delivered ₹1,885 crores as a motivator to dairy ranchers at a pace of ₹5 per liter. Likewise, another plan had been taken up to give advances at zero percent financing cost to dairy ranchers and anglers. Additionally, a motivation of ₹12.75 crores had been given to 12,608 Asha labourers. This was notwithstanding ₹79 crores allowed to the Karnataka Milk Alliance to flexibly free milk to helpless families during the lockdown time frame.

Also Read: Karnataka Crop Loan Waiver Status 

Karnataka Arthika Spandana Scheme
Karnataka Arthika Spandana Scheme

Details Of Karnataka Arthika Spandana Scheme

NameKarnataka Arthika Spandana Scheme 2023
Launched byKarnataka Government
BenefitProviding loans
ObjectiveHelping the agriculture sector to overcome any problem
Official Site

Benefits Of Karnataka Arthika Spandana Scheme

₹15,300 crores would be dispensed to the agribusiness part while a whole of ₹24,000 crores would be reserved for the non-farming segment. The Chief Minister said the Middle had conceded ₹4,525 crores to the State for fortifying ranchers’ makers’ associations and essential agrarian cooperatives, among others. Under the plan, the essential horticultural cooperatives would be overhauled as multi-administration focuses. Upwards of 1,549 cooperatives would be profited by this plan, he said. All in all, the scheme will bring a lot of loans to the agricultural sector. Around Rs.39300 crores worth of the loan will be given through various cooperative institutions.

Also Read: Swarnajayanti Gram Swarozgar Yojana

Online Application Procedure In Karnataka Arthika Spandana Scheme

The application procedure for the scheme has not yet launched for the common public as soon as the details about the application procedure is out we will inform you everything through this portal.

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