Odisha Government launches ‘Balaram Yojana’ for Landless Farmers
The State Government of Odisha has launched a scheme for the
landless farmers in the state under which loans will be provided to around 7
lakh landless farmers or sharecroppers in the state.
The scheme is named as
The scheme was launched with the objective to provide
financial support to the landless farmers in the state who are facing hardships
due to the impacts of nationwide lockdown against the COVID-19 pandemic.
As a sequel to the Kalia Scheme of the Odisha Government,
the Balaram Yojana was announced back in 2019 during the Vidhan Sabha Elections
in Odisha by the ruling BJD Government.
However, the scheme was launched on 2nd
Balaram Yojana: A Fact File
The loans under the Balaram Yojana will be disbursed through
joint liability groups.
The loans will be available on the basis of social
The credit facility to around 7 lakh farmers will be implemented in
the next years.
For this, 1,40,000 groups of farmers have been formed, in the
current financial year, 70,000 such groups of farmers will be able to avail the
credit while the remaining during the next financial year.
Each of these groups will comprise of 5 landless farmers.
loan of Rs 1.6 lakh will be provided to each of the farmer’s groups.
the State Government has estimated that loans amounting to Rs 1040 crores will
be provided to 1,40,000 such landless farmers groups in the state.
In a collaboration between the Department of Agriculture and
Farmers (of the Odisha Government) and NationalBank for Agriculture and Rural Development (NABARD) the Balaram Yojana
has been prepared.