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]
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]
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]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Agriculture loans exceed target by 13% in FY10

Agriculture loans exceed target by 13% in FY10

Share this article Share this article
published Published on Jun 28, 2010   modified Modified on Jun 28, 2010

Agricultural credit flow by cooperative and public sector banks exceeded the target by 13% in 2009-10 financial year.

“The flow of credit to the agriculture sector increased significantly and banks have surpassed the target by extending Rs3,67,000 crore worth of loan to farmers,” an Agriculture Ministry official informed.

The banks including public sector, cooperative and regional rural banks (RRBs), were set a target to lend Rs3,25,000 crore of credit to farmers last fiscal.

The farm credit was extended to as many as 4.82 crore farmers last year and banks gave crop loan to 91 lakh new farmers.

According to official data, public sector banks lent Rs2,75,000 crore of farm credit, while co-operative and RRBs loaned Rs58,000 crore and Rs34,000 crore respectively in 2009-10.

The total farm credit flow in 2009-10 fiscal was higher than the previous year’s Rs3,02,000 crore, the official said.

Usually, farmers are given credit at an interest rate of 7% per annum. However, in a move to reward those farmers who make their loan payment on time, the Central government reduced their loan interest rate to 6% last year and 5% this year.


Live Mint, 28 June, 2010, http://www.livemint.com/2010/06/28143943/Agriculture-loans-exceed-targe.html


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close