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Home Latest News

LG expresses gratitude to PM, Union Agri Min for announcing availability of credit for High-Density Plantation Scheme

KI News by KI News
September 10, 2021
in Latest News
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New Delhi: Lieutenant Governor Manoj Sinha today expressed gratitude to the Prime Minister and Union Agriculture Minister for announcing the availability of credit for the High-Density Plantation Scheme under the Agriculture Infrastructure Fund.

“I, on behalf of the people of Jammu & Kashmir, convey deepest gratitude to Prime Minister Shri Narendra Modi and Hon’ble Union Minister of Agriculture & Farmers Welfare Shri Narendra Singh Tomar for announcing the availability of credit for High-Density Plantation Scheme (HDPS) under the Agriculture Infrastructure Fund Scheme,” the Lt Governor said.

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“Listing out the key features and support being extended to the farmers under the new intervention, the Lt Governor said that this step will be a huge booster for achieving the target of 5500Ha of High-Density Plantation for next 5 years and change the horticulture landscape of J&K,” the Lt Governor said.

“This will also become the launching pad for the export of our Horticulture produce and will increase the income of farmers of J&K manifold, besides making our farmers market leader in the domestic circuit in the sector,” he added.

“The 50% capital support up to Rs. 22.15 lac/Ha is being provided by J&K Government under High-Density Plantation Scheme. A common farmer used to find it difficult to arrange another 50% capital due to the high-interest rate. Now, the inclusion of HDPS under Agriculture Infrastructure Fund Scheme will make available the credit on interest subvention of 3% per annum for 7 years,” the Lt Governor said.

“Further, the Credit Guarantee coverage will be available for this financing facility under Credit Guarantee Fund Trust for Micro & Small Enterprises Scheme for loan up to Rs. 2 crore,” he added.

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Kashmir Images is an English language daily newspaper published from Srinagar (J&K), India. The newspaper is one of the largest circulated English dailies of Kashmir and its hard copies reach every nook and corner of Kashmir Valley besides Jammu and Ladakh region.

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