Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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        LATEST NEWS UPDATES | Agricultural credit: Tamil Nadu, Punjab in preferred states&#039; list, even as poor farmers in Odisha, Bihar still deprived -Prasanta Sahu and Sandip Das    </title>
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Despite the substantial increase in agricultural credit in the past few years, a few states such as Tamil Nadu, Punjab and (pre-division) Andhra Pradesh continue to corner a large part of it, while most poor farmers in Odisha,..."/>
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-The Financial Express

Despite the substantial increase in agricultural credit in the past few years, a few states such as Tamil Nadu, Punjab and (pre-division) Andhra Pradesh continue to corner a large part of it, while most poor farmers in Odisha,..." />
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    <h1 class="cat-box-title">Agricultural credit: Tamil Nadu, Punjab in preferred states&#039; list, even as poor farmers in Odisha, Bihar still deprived -Prasanta Sahu and Sandip Das</h1>
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                            <div align="justify">-The Financial Express<br /><br />Despite the substantial increase in agricultural credit in the past few years, a few states such as Tamil Nadu, Punjab and (pre-division) Andhra Pradesh continue to corner a large part of it, while most poor farmers in Odisha, Chhattisgarh, Jharkhand and Bihar are still deprived of credit for purchase of basic farming inputs. This scenario has undermined the efficacy of the stepped-up farm credit in boosting agricultural productivity.<br /><br />And tiny states like Puducherry and Delhi are at the top when it comes to farm loans availed per hectare, with Rs. 1 crore and Rs. 65 lakh, respectively, against just Rs. 9,780 in Assam and Rs. 16,800 in Chhattisgarh (see table). Though high per-hectare loan figures for the city states raises the suspicion of misuse, analysts said it is largely explained by the inclusion of &ldquo;agriculture infrastructure&rdquo; like warehouses, market yards, silos and cold storage units in the list of activities eligible for farm credit. Without being able to fund these facilities under their agriculture credit portfolio, banks could not have met their 18% of net bank credit target for the farm sector, they said.<br /><br />&ldquo;More credit to saturated areas will not contribute much to growth in agriculture and increase in productivity,&rdquo; said Ramesh Chand, member, Niti Aayog. There is an urgent need for capital investment and short-term credit to farmers in states like Odisha, Assam, Jharkhand and Chhattisgarh, he said.<br /><br />As saturated states got most of the credit without major additional contribution to farm output, the agriculture and allied sector growth faltered. Even though farm credit rose 16% in FY15, the agriculture sector growth fell 0.2%, also because of a bad monsoon.<br /><br />Analysts feel the situation wouldn&rsquo;t have been that bad if adequate loans for purchase of fertilisers, quality seeds and farm equipment had been provided to farmers in eastern parts of the country. Of Rs 8.45 lakh crore farm credit disbursed in FY15, Tamil Nadu&rsquo;s share was 12% while Punjab&rsquo;s share was nearly 9%. As the government is likely to target a farm-sector growth of 4% over a 15-year horizon, flow of farm credit to needy states must form an essential part of the strategy.<br /><br />Please <a href="http://www.financialexpress.com/india-news/agricultural-credit-tamil-nadu-punjab-in-preferred-states-list-even-as-poor-farmers-in-odisha-bihar-still-deprived/569144/" title="http://www.financialexpress.com/india-news/agricultural-credit-tamil-nadu-punjab-in-preferred-states-list-even-as-poor-farmers-in-odisha-bihar-still-deprived/569144/">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">Agricultural credit: Tamil Nadu, Punjab in preferred states&#039; list, even as poor farmers in Odisha, Bihar still deprived -Prasanta Sahu and Sandip Das</h1>
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                            <div align="justify">-The Financial Express<br /><br />Despite the substantial increase in agricultural credit in the past few years, a few states such as Tamil Nadu, Punjab and (pre-division) Andhra Pradesh continue to corner a large part of it, while most poor farmers in Odisha, Chhattisgarh, Jharkhand and Bihar are still deprived of credit for purchase of basic farming inputs. This scenario has undermined the efficacy of the stepped-up farm credit in boosting agricultural productivity.<br /><br />And tiny states like Puducherry and Delhi are at the top when it comes to farm loans availed per hectare, with Rs. 1 crore and Rs. 65 lakh, respectively, against just Rs. 9,780 in Assam and Rs. 16,800 in Chhattisgarh (see table). Though high per-hectare loan figures for the city states raises the suspicion of misuse, analysts said it is largely explained by the inclusion of &ldquo;agriculture infrastructure&rdquo; like warehouses, market yards, silos and cold storage units in the list of activities eligible for farm credit. Without being able to fund these facilities under their agriculture credit portfolio, banks could not have met their 18% of net bank credit target for the farm sector, they said.<br /><br />&ldquo;More credit to saturated areas will not contribute much to growth in agriculture and increase in productivity,&rdquo; said Ramesh Chand, member, Niti Aayog. There is an urgent need for capital investment and short-term credit to farmers in states like Odisha, Assam, Jharkhand and Chhattisgarh, he said.<br /><br />As saturated states got most of the credit without major additional contribution to farm output, the agriculture and allied sector growth faltered. Even though farm credit rose 16% in FY15, the agriculture sector growth fell 0.2%, also because of a bad monsoon.<br /><br />Analysts feel the situation wouldn&rsquo;t have been that bad if adequate loans for purchase of fertilisers, quality seeds and farm equipment had been provided to farmers in eastern parts of the country. Of Rs 8.45 lakh crore farm credit disbursed in FY15, Tamil Nadu&rsquo;s share was 12% while Punjab&rsquo;s share was nearly 9%. As the government is likely to target a farm-sector growth of 4% over a 15-year horizon, flow of farm credit to needy states must form an essential part of the strategy.<br /><br />Please <a href="http://www.financialexpress.com/india-news/agricultural-credit-tamil-nadu-punjab-in-preferred-states-list-even-as-poor-farmers-in-odisha-bihar-still-deprived/569144/" title="http://www.financialexpress.com/india-news/agricultural-credit-tamil-nadu-punjab-in-preferred-states-list-even-as-poor-farmers-in-odisha-bihar-still-deprived/569144/">click here</a> to read more. <br /></div>                                                           
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        LATEST NEWS UPDATES | Agricultural credit: Tamil Nadu, Punjab in preferred states&#039; list, even as poor farmers in Odisha, Bihar still deprived -Prasanta Sahu and Sandip Das    </title>
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Despite the substantial increase in agricultural credit in the past few years, a few states such as Tamil Nadu, Punjab and (pre-division) Andhra Pradesh continue to corner a large part of it, while most poor farmers in Odisha,..."/>
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-The Financial Express

Despite the substantial increase in agricultural credit in the past few years, a few states such as Tamil Nadu, Punjab and (pre-division) Andhra Pradesh continue to corner a large part of it, while most poor farmers in Odisha,..." />
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    <h1 class="cat-box-title">Agricultural credit: Tamil Nadu, Punjab in preferred states&#039; list, even as poor farmers in Odisha, Bihar still deprived -Prasanta Sahu and Sandip Das</h1>
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                            <div align="justify">-The Financial Express<br /><br />Despite the substantial increase in agricultural credit in the past few years, a few states such as Tamil Nadu, Punjab and (pre-division) Andhra Pradesh continue to corner a large part of it, while most poor farmers in Odisha, Chhattisgarh, Jharkhand and Bihar are still deprived of credit for purchase of basic farming inputs. This scenario has undermined the efficacy of the stepped-up farm credit in boosting agricultural productivity.<br /><br />And tiny states like Puducherry and Delhi are at the top when it comes to farm loans availed per hectare, with Rs. 1 crore and Rs. 65 lakh, respectively, against just Rs. 9,780 in Assam and Rs. 16,800 in Chhattisgarh (see table). Though high per-hectare loan figures for the city states raises the suspicion of misuse, analysts said it is largely explained by the inclusion of &ldquo;agriculture infrastructure&rdquo; like warehouses, market yards, silos and cold storage units in the list of activities eligible for farm credit. Without being able to fund these facilities under their agriculture credit portfolio, banks could not have met their 18% of net bank credit target for the farm sector, they said.<br /><br />&ldquo;More credit to saturated areas will not contribute much to growth in agriculture and increase in productivity,&rdquo; said Ramesh Chand, member, Niti Aayog. There is an urgent need for capital investment and short-term credit to farmers in states like Odisha, Assam, Jharkhand and Chhattisgarh, he said.<br /><br />As saturated states got most of the credit without major additional contribution to farm output, the agriculture and allied sector growth faltered. Even though farm credit rose 16% in FY15, the agriculture sector growth fell 0.2%, also because of a bad monsoon.<br /><br />Analysts feel the situation wouldn&rsquo;t have been that bad if adequate loans for purchase of fertilisers, quality seeds and farm equipment had been provided to farmers in eastern parts of the country. Of Rs 8.45 lakh crore farm credit disbursed in FY15, Tamil Nadu&rsquo;s share was 12% while Punjab&rsquo;s share was nearly 9%. As the government is likely to target a farm-sector growth of 4% over a 15-year horizon, flow of farm credit to needy states must form an essential part of the strategy.<br /><br />Please <a href="http://www.financialexpress.com/india-news/agricultural-credit-tamil-nadu-punjab-in-preferred-states-list-even-as-poor-farmers-in-odisha-bihar-still-deprived/569144/" title="http://www.financialexpress.com/india-news/agricultural-credit-tamil-nadu-punjab-in-preferred-states-list-even-as-poor-farmers-in-odisha-bihar-still-deprived/569144/">click here</a> to read more. <br /></div>                                                           
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Agricultural credit: Tamil Nadu, Punjab in preferred states' list, even as poor farmers in Odisha, Bihar still deprived -Prasanta Sahu and Sandip Das

Published on Mar 1, 2017   Modified on Mar 1, 2017

-The Financial Express Despite the substantial increase in agricultural credit in the past few years, a few states such as Tamil Nadu, Punjab and (pre-division) Andhra Pradesh continue to corner a large part of it, while most poor farmers in Odisha, Chhattisgarh, Jharkhand and Bihar are still deprived of credit for purchase of basic farming inputs. This scenario has undermined the efficacy of the stepped-up farm credit in boosting agricultural productivity. And tiny states like Puducherry and Delhi are at the top when it comes to farm loans availed per hectare, with Rs. 1 crore and Rs. 65 lakh, respectively, against just Rs. 9,780 in Assam and Rs. 16,800 in Chhattisgarh (see table). Though high per-hectare loan figures for the city states raises the suspicion of misuse, analysts said it is largely explained by the inclusion of “agriculture infrastructure” like warehouses, market yards, silos and cold storage units in the list of activities eligible for farm credit. Without being able to fund these facilities under their agriculture credit portfolio, banks could not have met their 18% of net bank credit target for the farm sector, they said. “More credit to saturated areas will not contribute much to growth in agriculture and increase in productivity,” said Ramesh Chand, member, Niti Aayog. There is an urgent need for capital investment and short-term credit to farmers in states like Odisha, Assam, Jharkhand and Chhattisgarh, he said. As saturated states got most of the credit without major additional contribution to farm output, the agriculture and allied sector growth faltered. Even though farm credit rose 16% in FY15, the agriculture sector growth fell 0.2%, also because of a bad monsoon. Analysts feel the situation wouldn’t have been that bad if adequate loans for purchase of fertilisers, quality seeds and farm equipment had been provided to farmers in eastern parts of the country. Of Rs 8.45 lakh crore farm credit disbursed in FY15, Tamil Nadu’s share was 12% while Punjab’s share was nearly 9%. As the government is likely to target a farm-sector growth of 4% over a 15-year horizon, flow of farm credit to needy states must form an essential part of the strategy. Please click here to read more.

The Financial Express, 28 February, 2017, http://www.financialexpress.com/india-news/agricultural-credit-tamil-nadu-punjab-in-preferred-states-list-even-as-poor-farmers-in-odisha-bihar-still-deprived/

Tagged with: Interest Subvention Scheme Agricultural Credit Farm Loans

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