PLEDGE FINANCE SCHEME

Since 1990, the MSAMB has implemented a scheme of pledge finance for the benefit of farmers of the State. The scheme of pledge finance is already popular among the farmers growing Moong, Tur, Udid, Soyabean, Paddy, Sunflower and Chana. From last year MSAMB has Expanded this scheme for Jawar, Bajra and Mage. This has safeguarded the interests of the farmers, who otherwise had no option but to sell at whatever low price, that is prevalent during peak harvest season. Under the scheme, the farmer is given a loan to an extent of 75% for of the value of the produce prevailing in the market (for Jawar, Bajra and Mage 50% or rs.300/- which is less), at an interest rate of 6% ( well bellow the market rate). The farmer is allowed to avail this facility upto a period of 180 days. There are 36 APMCs who are actively participating in this scheme. So far in the year 2004-05 MSAMB has advanced Rs 15.30 crores as pledge finance under the scheme. This scheme has evoked good response from farmers of the Vidarbha and Maratwada region.

The interested farmers can download the loan application form from Download option.

Downloads for PLEDGE FINANCE SCHEME