Arunachal min gives 28cr agri loans to boost rural livelihood
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Itanagar: Arunachal Pradesh agriculture minister Gabriel D Wangsu on Wednesday distributed agricultural loans worth Rs 28.17 crore to 282 beneficiaries across the state during a Monsoon Credit Outreach Programme organised by the State Bank of India (SBI) at Doimukh near here.
The programme, aimed at deepening financial inclusion and promoting sustainable agricultural livelihoods, also witnessed the distribution of 50 loan sanction letters to farmers, self-help groups (SHGs), and young entrepreneurs from various districts, an official statement said.
Terming the initiative a major push for women empowerment, rural entrepreneurship, and agricultural growth, Wangsu urged beneficiaries to utilise the funds judiciously and leverage central and state-sponsored schemes effectively.
"It is heartening to see farmers, SHGs, and budding entrepreneurs confidently advancing towards self-reliance through schemes like the Kisan Credit Card (KCC), Prime Minister Formalisation of Micro Food Processing Enterprises (PMFME), and Farmer Producer Organisations (FPO)," he said.
Following the loan distribution, the minister chaired a high-level review meeting with SBI Chief General Manager Prabhas Bose, Deputy General Manager Amit Kumar, Regional Manager Rakesh Kumar, and senior officials from the departments of agriculture, fisheries, animal husbandry, veterinary & dairy, and rural development.
The deliberations focused on strengthening the institutional credit ecosystem and enhancing coordination to accelerate sectoral growth under the state's flagship Atma Nirbhar initiatives.
"There is an urgent need to bridge the gaps between policy, practice, and financing," Wangsu said, highlighting the potential of the agriculture and allied sectors as engines of rural prosperity.
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