 Early Times Report
Lucknow, Dec 23: On Sunday, Chief Minister Yogi Adityanath inaugurated the Youth Cooperative Conference and UP Cooperative Expo 2025 at Jupiter Hall, Indira Gandhi Pratishthan, as part of the International Year of Cooperatives 2025. On the occasion, he also honoured individuals and institutions for their outstanding contributions to the cooperative sector.
During the event, the Chief Minister announced major relief for small and marginal farmers. He noted that loans from the UP Cooperative Rural Development Bank currently carry an interest rate of around 11.5 percent, placing a significant burden on farmers. To address this, the state government has decided to reduce the interest rate to just 6 percent for small and marginal farmers.
Under the Mukhyamantri Krishak Samridhi Yojana, loans will now be provided at six percent interest through the LDB, with the remaining interest subsidy borne by the state government.
CM Yogi said, “Under the leadership of Prime Minister Narendra Modi, the central government constituted a separate Ministry of Cooperation for the first time, which was earlier only a small department under the Ministry of Agriculture. As the country’s first Union Minister for Cooperation, Amit Shah has taken the cooperative movement to new heights.”
He noted that the United Nations has declared 2025 as the International Year of Cooperatives, and inspired by the Prime Minister, India has taken several decisive steps to strengthen the cooperative ecosystem. Cooperation, he said, is a pillar of mutual trust, social equality, and self-reliance. |
