National Conference Kh.-2017 Group IV- “Utilization of Corpus
fund under PMKSY”
1. Maharashtra
2. Rajasthan
3. UP
4. Chhatisgarh
5. Bihar
6. Jharkhand
7. Uttarakhand
8. J&K
9. Mizoram
10. Odisha
States participated
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 NABARD
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
Observations of States
UP
To use as top up subsidy - Requirement is about Rs. 30 cr
Detailed requirement for sugarcane area will be worked out O disha
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
Cont….
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
