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    9th Jul, 2020
  • The Government of Odisha launched 1st of its kind scheme, ‘Balaram’ to provide agricultural credit of Rs 1,040 crore to landless farmers facing hardships during COVID 19.
  • The Scheme is designed in collaboration with National Bank for Agriculture and Rural Development (NABARD).
  • Two state-run organisations – the Institute on Management of Agricultural Extension and the Agricultural Technology Management Agency (ATMA) – will be the nodal agencies at the state and district levels respectively for implementation of the scheme.
  • The farmers, who didn’t avail farm credit earlier, will get loans through Joint Liability Groups (JLG) which acts as ‘social collateral’.
  • Each lender will finance a minimum of 10 JLGs per year.
  • A JLG consists of five members and a group will get 1. 6 lakhs.
  • 1.40 lakh JLGs will cover seven lakh landless cultivators in two years.

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