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
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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

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
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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Agricultural experts say that large corporations are being given 'agricultural' loans at cheaper interest rates and with easier regulations in the name of farmers.

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    <h1 class="cat-box-title">Agricultural Loans Worth Rs 59,000 Crore Went to 615 Accounts in One Year -Dheeraj Mishra</h1>
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                            <div align="justify">-TheWire.in<br /><br /><em>Agricultural experts say that large corporations are being given 'agricultural' loans at cheaper interest rates and with easier regulations in the name of farmers.<br /><br />New Delhi: </em>Government banks handed out Rs 58,561 crore to 615 accounts in agricultural loans in the year 2016. On average, each account has been given over Rs 95 crore in agricultural loans.<br /><br />This information was revealed by the Reserve Bank of India in response to a Right to Information (RTI) application filed by The Wire.<br /><br />Agricultural loans incur lower interest rates as compared to other common loans, and they are also given under fewer preconditions than the average loan. These changes were made to make it easier to give loans to small and marginalised farmers. At the moment, farmers are given agricultural loans at the interest rate of 4%.<br /><br />Kiran Kumar Vissa, the founder of the farmers&rsquo; organisation Rythu Swarajya Vedika, said, &ldquo;Many big companies involved in agri-business are taking loans under the agricultural loans category. Companies like Reliance Fresh come under the agri-business company category. They engage in the buying and selling of agricultural produce, and take loans under the agricultural loans category for the construction of godowns or other such related activities.&rdquo;<br /><br />In order to give top priority and ensure the development of some economic sectors in the country, the RBI has issued a directive to banks that they invest a fixed part of their total loans into sectors like agriculture, micro, small and medium enterprises, export credit, education, housing, social infrastructure and renewable energy. This is called priority sector lending (PSL).<br /><br />According to the PSL policy, banks are required to hand out 18% of their total loans to the agricultural sector, targeting small and marginalised farmers. Vissa told The Wire, &ldquo;The problem is that banks are giving a big percentage of this to corporate and big companies, as a result of which farmers are unable to avail these loans.&rdquo;<br /><br />Please <a href="https://thewire.in/agriculture/modi-govt-gave-agricultural-loans-worth-rs-59000-crore-to-615-accounts-in-one-year" title="https://thewire.in/agriculture/modi-govt-gave-agricultural-loans-worth-rs-59000-crore-to-615-accounts-in-one-year">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/agriculture/modi-govt-gave-agricultural-loans-worth-rs-59000-crore-to-615-accounts-in-one-year" class="re" target="_blank">TheWire.in, 5 September, 2018, https://thewire.in/agriculture/modi-govt-gave-agricultural-loans-worth-rs-59000-crore-to-615-accounts-in-one-year</a><div class="clear"></div>
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    <h1 class="cat-box-title">Agricultural Loans Worth Rs 59,000 Crore Went to 615 Accounts in One Year -Dheeraj Mishra</h1>
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                            <div align="justify">-TheWire.in<br /><br /><em>Agricultural experts say that large corporations are being given 'agricultural' loans at cheaper interest rates and with easier regulations in the name of farmers.<br /><br />New Delhi: </em>Government banks handed out Rs 58,561 crore to 615 accounts in agricultural loans in the year 2016. On average, each account has been given over Rs 95 crore in agricultural loans.<br /><br />This information was revealed by the Reserve Bank of India in response to a Right to Information (RTI) application filed by The Wire.<br /><br />Agricultural loans incur lower interest rates as compared to other common loans, and they are also given under fewer preconditions than the average loan. These changes were made to make it easier to give loans to small and marginalised farmers. At the moment, farmers are given agricultural loans at the interest rate of 4%.<br /><br />Kiran Kumar Vissa, the founder of the farmers&rsquo; organisation Rythu Swarajya Vedika, said, &ldquo;Many big companies involved in agri-business are taking loans under the agricultural loans category. Companies like Reliance Fresh come under the agri-business company category. They engage in the buying and selling of agricultural produce, and take loans under the agricultural loans category for the construction of godowns or other such related activities.&rdquo;<br /><br />In order to give top priority and ensure the development of some economic sectors in the country, the RBI has issued a directive to banks that they invest a fixed part of their total loans into sectors like agriculture, micro, small and medium enterprises, export credit, education, housing, social infrastructure and renewable energy. This is called priority sector lending (PSL).<br /><br />According to the PSL policy, banks are required to hand out 18% of their total loans to the agricultural sector, targeting small and marginalised farmers. Vissa told The Wire, &ldquo;The problem is that banks are giving a big percentage of this to corporate and big companies, as a result of which farmers are unable to avail these loans.&rdquo;<br /><br />Please <a href="https://thewire.in/agriculture/modi-govt-gave-agricultural-loans-worth-rs-59000-crore-to-615-accounts-in-one-year" title="https://thewire.in/agriculture/modi-govt-gave-agricultural-loans-worth-rs-59000-crore-to-615-accounts-in-one-year">click here</a> to read more. <br /></div>                                                           
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Agricultural experts say that large corporations are being given 'agricultural' loans at cheaper interest rates and with easier regulations in the name of farmers.

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-TheWire.in

Agricultural experts say that large corporations are being given 'agricultural' loans at cheaper interest rates and with easier regulations in the name of farmers.

New Delhi: Government banks handed out Rs 58,561 crore to 615 accounts in agricultural loans in the..." />
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    <h1 class="cat-box-title">Agricultural Loans Worth Rs 59,000 Crore Went to 615 Accounts in One Year -Dheeraj Mishra</h1>
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                            <div align="justify">-TheWire.in<br /><br /><em>Agricultural experts say that large corporations are being given 'agricultural' loans at cheaper interest rates and with easier regulations in the name of farmers.<br /><br />New Delhi: </em>Government banks handed out Rs 58,561 crore to 615 accounts in agricultural loans in the year 2016. On average, each account has been given over Rs 95 crore in agricultural loans.<br /><br />This information was revealed by the Reserve Bank of India in response to a Right to Information (RTI) application filed by The Wire.<br /><br />Agricultural loans incur lower interest rates as compared to other common loans, and they are also given under fewer preconditions than the average loan. These changes were made to make it easier to give loans to small and marginalised farmers. At the moment, farmers are given agricultural loans at the interest rate of 4%.<br /><br />Kiran Kumar Vissa, the founder of the farmers&rsquo; organisation Rythu Swarajya Vedika, said, &ldquo;Many big companies involved in agri-business are taking loans under the agricultural loans category. Companies like Reliance Fresh come under the agri-business company category. They engage in the buying and selling of agricultural produce, and take loans under the agricultural loans category for the construction of godowns or other such related activities.&rdquo;<br /><br />In order to give top priority and ensure the development of some economic sectors in the country, the RBI has issued a directive to banks that they invest a fixed part of their total loans into sectors like agriculture, micro, small and medium enterprises, export credit, education, housing, social infrastructure and renewable energy. This is called priority sector lending (PSL).<br /><br />According to the PSL policy, banks are required to hand out 18% of their total loans to the agricultural sector, targeting small and marginalised farmers. Vissa told The Wire, &ldquo;The problem is that banks are giving a big percentage of this to corporate and big companies, as a result of which farmers are unable to avail these loans.&rdquo;<br /><br />Please <a href="https://thewire.in/agriculture/modi-govt-gave-agricultural-loans-worth-rs-59000-crore-to-615-accounts-in-one-year" title="https://thewire.in/agriculture/modi-govt-gave-agricultural-loans-worth-rs-59000-crore-to-615-accounts-in-one-year">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/agriculture/modi-govt-gave-agricultural-loans-worth-rs-59000-crore-to-615-accounts-in-one-year" class="re" target="_blank">TheWire.in, 5 September, 2018, https://thewire.in/agriculture/modi-govt-gave-agricultural-loans-worth-rs-59000-crore-to-615-accounts-in-one-year</a><div class="clear"></div>
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Agricultural Loans Worth Rs 59,000 Crore Went to 615 Accounts in One Year -Dheeraj Mishra

Published on Sep 8, 2018   Modified on Sep 8, 2018

-TheWire.in Agricultural experts say that large corporations are being given 'agricultural' loans at cheaper interest rates and with easier regulations in the name of farmers. New Delhi: Government banks handed out Rs 58,561 crore to 615 accounts in agricultural loans in the year 2016. On average, each account has been given over Rs 95 crore in agricultural loans. This information was revealed by the Reserve Bank of India in response to a Right to Information (RTI) application filed by The Wire. Agricultural loans incur lower interest rates as compared to other common loans, and they are also given under fewer preconditions than the average loan. These changes were made to make it easier to give loans to small and marginalised farmers. At the moment, farmers are given agricultural loans at the interest rate of 4%. Kiran Kumar Vissa, the founder of the farmers’ organisation Rythu Swarajya Vedika, said, “Many big companies involved in agri-business are taking loans under the agricultural loans category. Companies like Reliance Fresh come under the agri-business company category. They engage in the buying and selling of agricultural produce, and take loans under the agricultural loans category for the construction of godowns or other such related activities.” In order to give top priority and ensure the development of some economic sectors in the country, the RBI has issued a directive to banks that they invest a fixed part of their total loans into sectors like agriculture, micro, small and medium enterprises, export credit, education, housing, social infrastructure and renewable energy. This is called priority sector lending (PSL). According to the PSL policy, banks are required to hand out 18% of their total loans to the agricultural sector, targeting small and marginalised farmers. Vissa told The Wire, “The problem is that banks are giving a big percentage of this to corporate and big companies, as a result of which farmers are unable to avail these loans.” Please click here to read more.

TheWire.in, 5 September, 2018, https://thewire.in/agriculture/modi-govt-gave-agricultural-loans-worth-rs-59000-crore-to-615-accounts-in-one-year

Tagged with: Right to Information Right to Information (RTI) Right to Information Act Reserve Bank of India Priority Sector Lending Farm Credit

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