: Arunachal CM launches 2 credit-linked schemes #FinanceIndia #StockMarketNEWS #Business To boost agriculture, horticulture sectors Itanagar: Arunachal Pradesh Chief Minister Pema Khandu on Friday

@StockMarketNEWS Mon 06 Sep, 2021

Posted in: #Business #FinanceIndia #StockMarketNEWS

Arunachal CM launches 2 credit-linked schemes #FinanceIndia #StockMarketNEWS #Business
To boost agriculture, horticulture sectors

Itanagar: Arunachal Pradesh Chief Minister Pema Khandu on Friday launched two credit-linked schemes in the state to boost agriculture and horticulture sectors and to ensure doubling of farmer’s income.

Khandu said that state-level and district-level committees have been constituted for selection of beneficiaries for the schemes. He said the district-level committees headed by the respective deputy commissioners and district agriculture officers and district horticulture officers, would select the beneficiaries and submit the list to the state-level committees for approval. Khandu appealed to the officials of both the departments to stick to the timeline for the schemes saying that agriculture and horticultre departments cannot be compared with other departments as both deal with schemes on a seasonal basis.

“Arunachal has 25 lakh hectares of cultivable area for agriculture and horticulture activities of which only 2. 5 lakh hectares have been put to use. If the remaining area could be exploited, the sectors will improve drastically,??? Khandu said.

Chief Minister said that Prime Minister Narendra Modi has a vision for the development of agri and horti sectors in the northeast for which the North Eastern Regional Agricultural Marketing Corporation Limited (NERAMAC) is under the process of revival. “The revival of the regional marketing board will tremendously help the farmers of the region,??? Khandu said.

He added that the Union Cabinet has approved palm oil mission with an outlay of Rs 11,040 crore.

“Slow coverage of oil palm cultivation in the state was due to lack of commitment from the promoters in setting up of processing factories that had led to loss of confidence among the farmers. An MoU with one of the promoters was cancelled and meetings called with the existing ones to fast track the mission,??? the chief minister said.

Appealing to the banking institutions to help the state farmers by providing loans in their ventures, Khandu said that banking institutions should go for improving the credit-deposit ratio which is possible only through providing loans.

Deputy Chief Minister Chowna Mein speaking at the function urged upon the MLAs not to interfere in selecting beneficiaries for the schemes and added that the deputy commissioners should select genuine beneficiaries.

“We should go for quality planting materials and should try to produce such materials in the state. We should try to convert Arunachal as the fruit bowl of the region as well as the country with the favourable climatic condition and suitable land for cultivation,??? Mein said.