If you are a farmer in Uttar Pradesh and need a loan for farming — buying a tractor, boring a tubewell, starting a dairy unit, or installing a solar pump — today’s news is directly about you. On Monday, 12 October 2026, the biggest farm-loan scheme of the Yogi government entered its most important phase: farmers can now apply for the loan.
On 23 September, in Lucknow, Chief Minister Yogi Adityanath launched the Mukhyamantri Krishak Samriddhi Yojana. On the same day the scheme’s online portal mksyldb.in went live, and loan sanction letters were handed over to the first set of farmers. Now, from 12 October, the scheme has opened its doors to ordinary farmers — you can apply online or at any of the bank’s 323 branches.
In this article we explain the whole scheme — how much loan you get, what the interest really is, who can apply, which documents you need, and the complete step-by-step process of applying online at mksyldb.in. Read till the end — we have also answered the questions that most other websites leave unanswered or vague.
Today’s Big News: Loan Applications Open from 12 October 2026
On 12 October 2026 (Monday), the formal launch of loan disbursal under the Mukhyamantri Krishak Samriddhi Yojana took place. According to reports, after a puja ceremony at the headquarters of the Uttar Pradesh Sahkari Gram Vikas Bank (LDB), the process of giving loans under the scheme began. The state’s Cooperation Minister (Independent Charge) JPS Rathour said the bank would start giving farmers the scheme’s benefit from Monday — meaning farmers can now apply online at mksyldb.in as well as through LDB’s 323 branches.
Another major decision on the same day: an order was issued to release ₹38 crore to the bank as the government’s interest subsidy on agricultural loans. This is the money behind the 6% interest rate — the reason farmers will pay only 6% interest. An earlier report had mentioned that the scheme’s total budget of ₹384 crore had been approved — so this ₹38 crore release appears to be the first instalment of that larger budget being unlocked now that applications have begun.
To spread the word to every village, the bank also organised a workshop to train its branch heads (delegates) on the scheme’s provisions. These delegates will not only connect farmers to the scheme but also play a key role in loan approval. So you can now walk into your nearest branch and ask about the scheme with confidence.
What is the Mukhyamantri Krishak Samriddhi Yojana 2026?
The Mukhyamantri Krishak Samriddhi Yojana is a long-term agricultural loan scheme of the Uttar Pradesh government. Its goal is simple: free the state’s small and marginal farmers from the burden of expensive credit. Earlier, the UP Sahkari Gram Vikas Bank (LDB) gave long-term loans to farmers at interest rates of 11% to 11.5% — a heavy burden for small farmers.
Under the scheme, the state government will give a 5% interest subsidy. So the bank keeps getting its 11%, but the government pays 5% of it, and the farmer gets a long-term loan of up to ₹6 lakh at just 6% annual interest. But there is one very important condition: the 6% concessional rate applies only to farmers who repay every instalment on time. Default on an instalment, and the subsidy benefit can be stopped.
The government’s target is to connect 5 lakh farmers to this scheme over the next 5 years.
Krishak Samriddhi Yojana: Quick Facts Table
| Point | Details |
|---|---|
| Scheme name | Mukhyamantri Krishak Samriddhi Yojana |
| State | Uttar Pradesh |
| Launched | 23 September 2026 — by CM Yogi Adityanath, Lucknow |
| Applications open | 12 October 2026 (Monday) onwards — online + 323 bank branches |
| Lending bank | Uttar Pradesh Sahkari Gram Vikas Bank (LDB) |
| Maximum loan | Up to ₹6 lakh (long-term loan) |
| Interest rate | Bank rate 11% → state subsidy 5% → farmer pays only 6% (only for farmers who repay on time) |
| Repayment tenure | 3 to 15 years |
| Budget / subsidy release | ₹38 crore subsidy release ordered on 12 October; total scheme budget ₹384 crore approved (as reported) |
| Online portal | mksyldb.in |
| Target | 5 lakh farmers in 5 years |
| Last date | Not announced yet |
How Does the 6% Interest Work? (The Full Math)
Many farmers ask — the government says 6% interest, but the bank says 11%… so what is the truth? Both statements are true. Here is how:
- The bank’s real rate is 11%. The UP Sahkari Gram Vikas Bank (LDB) charges around 11% to 11.5% on such long-term loans.
- The government gives a 5% interest subsidy. Under the scheme, the state government will pay that 5% share directly to the bank — the bank still gets its 11%, but 5% comes from the government.
- The farmer pays only 6%. So out of the farmer’s pocket comes only 6% annual interest — nearly half of what it used to be.
- Condition: on-time repayment. This 5% subsidy is available only to farmers who pay every instalment on time. If you default, the concession can be stopped and the full interest may apply.
It is for this subsidy that the government ordered the release of ₹38 crore to the bank on 12 October — so the subsidy is not just on paper; the money is actually reaching the bank.
Who Can Get the Loan? (Eligibility)
To benefit from the scheme, a farmer must meet these conditions:
- Permanent resident of Uttar Pradesh: The applicant must be a permanent resident of UP.
- Small or marginal farmer: Must own up to 2 hectares of cultivable land in their own name (as recorded in the khatauni).
- Valid land documents: Must have valid land records like khasra-khatauni in the farmer’s name.
- No default history: The farmer must not have defaulted on any earlier loan taken from a bank or cooperative society — no defaulter history.
What Can You Use the Loan For?
The loans are divided into four main categories:
| Loan Category | Covered Activities / Purpose |
|---|---|
| Minor irrigation & mechanisation | Tubewell boring, solar pumps, tractors, harvesters, beekeeping |
| Animal husbandry & housing | Dairy industry (including mini Nandini dairy units), cattle rearing (cow/buffalo), poultry, fishery, kutcha-pucca housing construction |
| NBCFDC scheme | Employment-oriented and income-boosting farm projects |
| Education loan | Long-term loans for higher education of children of rural families |
From farm modernisation to dairy, poultry, fisheries and even children’s education — one scheme covers many needs.
Required Documents
Keep these documents ready before applying online or at a bank branch:
- Aadhaar card — linked to your mobile number (needed for OTP verification)
- PAN card
- Residence proof / ration card
- Land documents — khasra, khatauni or kisan bahi copy (land up to 2 hectares in your own name)
- Bank passbook copy (with IFSC code)
- 2 passport-size recent photographs
- Active mobile number — for OTP verification
Note: For the purpose you are borrowing for (e.g. a tractor or a solar pump), the bank may also ask for a basic quotation or project report — a written estimate of the cost and the supplier.
How to Apply Online — mksyldb.in (Step-by-Step)
The complete process for applying from home on the official portal mksyldb.in:
- Open the portal: Go to mksyldb.in on your mobile or computer.
- Click Apply for Loan: On the home page, click "ऋण आवेदन करें / Apply for Loan".
- Select your area: A new page opens — select your district, bank branch, tehsil, block, gram panchayat and village.
- Fill loan details: Enter the loan amount you need and select the purpose of the loan.
- Address and mobile number: Enter your full address and your active mobile number.
- OTP verification: Enter the OTP received on your mobile to verify the number.
- Create a password: Set a strong password for portal login and submit the registration.
- Upload documents: Log in and upload all the required documents.
- Take a printout: After submitting the form, take a printout and keep it safe — you will need it at the bank later.
Once submitted, your application is forwarded to the bank branch you selected. The branch examines your application and documents and then decides on the loan.
How to Apply Offline (323 Bank Branches)
Farmers who cannot apply online — those without a smartphone or with internet trouble — can fill the offline form at any of the 323 branches of the Uttar Pradesh Sahkari Gram Vikas Bank (LDB).
- Visit your nearest LDB branch (at district, tehsil or block level).
- Collect the Krishak Samriddhi Yojana application form from the branch.
- Fill in your details, the loan amount and the purpose.
- Submit the form along with photocopies of all the documents listed above.
- Collect the receipt or application number and keep it safe.
The bank has trained its branch heads (delegates) on the scheme’s provisions, so that they can guide farmers and help in loan approval. You should get correct information about the scheme at the branch.
Repayment Tenure and Key Points
- Repayment tenure: This is a long-term loan — depending on the loan amount and purpose, you get 3 to 15 years to repay, so the EMI burden stays light.
- On-time instalments = 6% interest: The concessional 6% rate is only for those who pay on time. If you default, the subsidy benefit can be stopped.
- No last date announced: The 12 October 2026 reports confirm applications have started, but no last date (deadline) has been announced yet. We will update this article as soon as a date is announced — so eligible farmers should apply early.
- Loan approval is the bank’s decision: Applying does not mean the loan is guaranteed — the bank will approve it only after verifying your documents and eligibility.
Frequently Asked Questions (FAQs)
1. What is the interest rate under the Krishak Samriddhi Yojana?
The bank’s base rate is 11%, but the UP government gives a 5% interest subsidy. So farmers who repay on time pay only 6% annual interest.
2. How much loan can I get under the Krishak Samriddhi Yojana?
Eligible farmers can get a long-term loan of up to ₹6 lakh under the scheme.
3. When did applications start? What is the last date?
Loan applications started on 12 October 2026 (Monday). No last date has been announced yet. Eligible farmers should apply early.
4. How do I apply online at mksyldb.in?
Go to mksyldb.in → click "Apply for Loan" → select district/branch/tehsil/block/panchayat/village → fill loan amount and purpose → verify your mobile number with OTP → create a password → upload documents → take a printout of the form.
5. Which documents are required?
Aadhaar (linked to mobile), PAN card, residence proof/ration card, khasra-khatauni (land up to 2 hectares in your name), bank passbook (with IFSC), 2 passport photos and an active mobile number. A quotation/project report may also be asked depending on the purpose.
6. Can a loan defaulter apply?
No. Farmers who have defaulted on any earlier loan from a bank or cooperative society are not eligible for this scheme.
7. Where can I apply offline?
At any of the 323 branches of the Uttar Pradesh Sahkari Gram Vikas Bank (LDB) — visit your nearest branch and fill the offline form.
8. How much time will I get to repay the loan?
This is a 3 to 15 year long-term loan. The exact tenure is fixed by the bank based on the loan amount and purpose.
Conclusion
The Mukhyamantri Krishak Samriddhi Yojana 2026 is a major opportunity for UP’s small and marginal farmers to get affordable credit — a loan of up to ₹6 lakh at 6% interest, with both online and offline application options, and the subsidy money already flowing from the government to the bank. Applications have started on 12 October 2026 and no last date has been announced yet, so eligible farmers should not wait — apply today at mksyldb.in or contact your nearest LDB branch.
Last updated: 12 October 2026
Disclaimer: This article is published by a private information portal (not a government website). Scheme details are based on news reports and available information — please verify the rules on the official portal mksyldb.in or at a bank branch before applying.
