National Conference Kh.

-2017

Group IV- “Utilization of Corpus

fund under PMKSY”
States participated
 1. Maharashtra
 2. Rajasthan
 3. UP
 4. Chhatisgarh
 5. Bihar
 6. Jharkhand
 7. Uttarakhand
 8. J&K
 9. Mizoram
 10. Odisha
Observations of NABARD
 Initial Corpus of Rs. 5000 cr outside RIDF
 Loans to State under tripartite MOA
 Loan for 7 years with 2 years moratorium for

principal
 Lending rate at par with RIDF or LTIF or as

decided by GOI/state
 Funds to be mobilised from market
 Interest subvention by GoI – to address shortfall

and margin of NABARD @0.6%

 Eligible activities to be decided by GoI/State
Observations of States
Maharashtra
 Proposed to use the fund for interest subvention for MI
in sugarcane area
 Target to cover 3 lakh ha in 2 years with estimated
requirement of Rs. 1300 Cr in Ist year
 CSS will cover the remaining crops

Rajasthan
 To meet interest subvention @8% for MI, Ist yr

requirement is Rs. 480 crore for 2017-18

 With composite funding of Diggie and MI, interest
subvention requirement is about Rs1000 Cr for 2017-18
 Cont…..
UP
 To use as top up subsidy - Requirement is about Rs. 30 cr

 Detailed requirement for sugarcane area will be worked out

Odisha
 For using in energisation of solar pump for MI system

J&K
 For use as top up subsidy
Cont….
Uttarakhand
 For energization of MI system

Jharkhand
 For extension and awareness purposes

Mizoram
 Use for topping up subsidy

Chhatishgarh
 For additional coverage – Rs. 131 Cr. For 2017-18
 Recommendations…..
 Corpus to be outside RIDF
 Rate of interest to be finalized by GoI

 Eligible activities
Interest subvention for farmers
Energisation for MI system
Top up subsidy
Addl. coverage beyond CSS
To meet State share
Any other activities to be finalized after consultation with other
states