E-Kisan Product Fund Scheme 2024: Get loan at 7% interest rate without any guarantee, know complete information

The Indian government has launched a scheme named E-Kisan Utpad Nidhi Yojana to provide loans to farmers without requiring any collateral. Minister of Food and Consumer Affairs, Piyush Goyal, inaugurated this initiative aimed at addressing both storage and financial needs of farmers.

Objective of E-Kisan Utpad Nidhi Yojana

The objective of the E-Kisan Utpad Nidhi Yojana is to provide comprehensive assistance to farmers and enable them to become self-reliant. This initiative was launched by the central government to offer hassle-free loans without any guarantee. Additionally, the government will facilitate the availability of storage facilities to all medium-income group farmers under this scheme.

Benefits of the Scheme

• Farmers can avail loans without any collateral.
• The government will provide free storage facilities.
• Banks will charge only a 7% interest rate under this scheme.
• Medium-income group farmers will benefit significantly from this initiative.

Eligibility Criteria

• Applicants must be residents of India.
• Only medium-income group farmers are eligible.
• Registered farmers can utilize the storage facility.
• Applicants must have their own bank account.

Required Documents

• Aadhaar Card
• Income Certificate
• Caste Certificate
• Residence Proof
• PAN Card
• Two Passport Size Photos
• Self-owned Bank Account
• Mobile Number linked with Aadhaar Card
• Email ID

How to Apply for E-Kisan Utpad Nidhi Yojana

If you wish to apply online for this scheme, follow these steps:

• Visit the official website at [https://pib.gov.in/PressReleaseIframePage.aspx](https://pib.gov.in/PressReleaseIframePage.aspx).
• Click on the 'New Registration' option on the homepage.
• Fill out the registration form carefully.
• Scan and upload the necessary documents.
• Submit the complete information and click on the submit option to receive a submission receipt.