Online loan

Arunachal Pradesh plans to move ANKY, ANBY loan process online from this fiscal year

Itanagar: The Government of Arunachal Pradesh has decided to make the loan process for Atma Nirbhar Krishi Yojana (ANKY) and Atma Nirbhar Bagwani Yojana (ANBY) online from next financial year to facilitate the beneficiaries, including financial institutions involved in program implementation.

A meeting in this regard was convened by Chief Secretary Naresh Kumar on Thursday, attended by Agriculture and Horticulture Secretary Bidol Tayeng, IT Secretary Anirudh Singh and others to discuss the modalities, officials said. responsible.

Starting in the 2022-23 fiscal year, beneficiaries eligible for both schemes will be able to submit their applications online and receive government grants, officials said.

The government has asked a vendor to develop the software which would present the software prototype next April 11 and the final launch of the online portal has been set for April 15 this year.

The Chief Secretary said that with the launch of the software, delays and confusion in the loan process would be minimized and grants would be credited to recipient accounts on time.

A group of senior officers from NIC, IT, Agriculture and Horticulture along with CM Dashboard Senior Consultant N Yadav will oversee the day-to-day operation of the software.

Once such a digital platform is developed and put into operation, it will be used for such initial grant programs, especially in the fisheries, livestock, veterinary medicine and plantations sectors, have added officials.

The state government had, in September last year, launched two ambitious programs, “Atma Nirbhar Krishi Yojna” for the agricultural sector and “Atma Nirbhar Bagwani Yojna”.

ANKY and ANBY are both credit-linked schemes aimed at boosting the agriculture and horticulture sectors and ensuring a doubling of farmers’ incomes, with expenditure of Rs 60 crore each on the two schemes over the course of of the 2021-2022 budget.

The schemes are unique in that both are based on initial grants with components of 45% government grant, 45% bank loan and 10% payee.

The credit link for the schemes would be provided to the beneficiaries by SBI, Arunachal Pradesh Rural Bank and Arunachal Pradesh Cooperative Apex Bank.

In this year’s budget, the state government had announced the expansion of the program to the fisheries, livestock, veterinary and plantation sectors with adequate funding.

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