Uttar Pradesh launches taxi and farm loan programs
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Yogi Adityanath, Chief Minister of Uttar Pradesh, India, introduced Bharat Taxi and the Mukhyamantri Krishak Samriddhi Yojana to support drivers and farmers in the region.
Bharat Taxi allows two-wheeler, taxi, and three-wheeler drivers to join a service with no commission fees and provides them with 5 lakh rupees in social security. Adityanath stated this would allow drivers to work without worry.
The new Mukhyamantri Krishak Samriddhi Yojana lowers the interest rate on loans for farmers from the Uttar Pradesh Cooperative Gramya Vikas Bank from 11% to 6%. The government intends to offer these benefits to 5 lakh small and marginal farmers in the coming years, ensuring they have access to funds for farming and equipment. Adityanath also discussed past efforts to support farmers, including waiving over 36,000 crore rupees in loans for 8.6 million small and marginal farmers since 2017.
He noted that 15 of 16 previously inactive cooperative banks have returned to profitability, recovering funds deposited by farmers. Bharat Taxi is currently operating in Lucknow, Gorakhpur, Varanasi and Prayagraj.
