Karnataka Arthika Spandana Scheme 2020 | Loan Disbursal Scheme, Complete Details

Karnataka Arthika Spandana Scheme

Karnataka Arthika Spandana Scheme 2020 | Loan Disbursal Scheme, Complete Details: Karnataka Chief Minister, B.S. Yediyurappa has launched the “Arthika Spandana” program of disbursing loans of Rs 39,300 crores through various cooperative institutions. The government will distribute Rs.15,300 Crores to the agriculture sector and Rs. 24000 Crores to the non-agriculture sector by using this scheme. The Chief Minister, who launched the program by symbolically handing over cheques towards loans to 50 beneficiaries, hailed the cooperative institutions for helping people during the times of COVID-19 and floods.



Karnataka Arthika Spandana Scheme 2020 – Complete Details

Name of the SchemeKarnataka Arthika Spandana Loan Disbursal Scheme
Announced byKarnataka Government
BenefitsProgram of disbursing loans
CategoryGovt Schemes
Mode of ApplicationOnline
BeneficiariesFarmers belonging to agricultural and non-agricultural sector

Karnataka Arthika Spandana Loan Disbursal Scheme Benefits

In the Arthika Spandana Loan Disbursal Scheme, primary agricultural cooperatives would be upgraded as multi service centers. As many as 1,549 cooperatives would be benefited from the loan disbursing program. This scheme had set up a target of distributing crop loans to a total amount of Rs. 15,300 crore this year. To date, around Rs. 7,929.30 crore is been distributed to 12.11 lakh farmers at zero and 3% interest rates.

Karnataka Arthika Spandana Loan Scheme Eligibility

The following persons are eligible to avail of this scheme:

  • The applicant must be a citizen of Karnataka and they can get the benefits of the scheme.
  • The income details of the farmers are necessary for the registration.
  • Those income details will be inspected by the higher officials to examine the eligibility of farmers.
  • The farmers belong to either the agricultural and non-agricultural sectors will allow getting the benefits of the scheme.
  • Only eligible farmers can get the scheme perks.
  • All the details provided must be genuine.

Documents Required for Karnataka Arthika Spandana Loan Scheme

  • Residential certificate.
  • Income certificate.
  • Aadhaar card/ Voter ID/ Pan card or any other identification proof.
  • Farming details.

How to Apply for Karnataka Arthika Spandana Scheme?

The details of the application are yet to come up on the official portal. As this is a newly launched scheme, the interested candidates have to wait for the announcement about the Application Process. Therefore, they should check this article regularly or officia portal to get the latest updates relating to the Karnataka Arthika Spandana Scheme. We’ll update you on all the details as soon as it will be launch. So kindly stay with our website in the future for getting all the updated information.



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Karnataka Arthika Spandana Scheme 2020 – Frequently Asked Questions

What is Karnataka Arthika Spandana Scheme 2020?

Karnataka Arthika Spandana Scheme 2020 is a Loan Disbursal Scheme meant for Farmers of both Agriculture and Non Agriculture.

Who Launched the Karnataka Arthika Spandana Scheme 2020?

State Government of Karnataka has Launched the Karnataka Arthika Spandana Scheme 2020.

How Many Cooperatives will be benefitted through Karnataka Arthika Spandana Scheme 2020?

A total of 1,549 Cooperative will get benefitted through the Karnataka Arthika Spandana Loan Disbursal Scheme 2020.

Can Other State Farmers Apply for Karnataka Arthika Spandana Loan Disbursal Scheme?

No, only the Farmers of Karnataka State are eligible for the Karnataka Arthika Spandana Scheme 2020.

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