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
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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
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')) {

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        LATEST NEWS UPDATES | Storage bound farmers to get cheaper crop loan by Dheeraj Tiwari    </title>
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The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce.

Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate..."/>
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The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce.

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                            <br /><div align="justify">The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce.<br /><br />Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the finance ministry directive.<br /><br />This will benefit close to 100 million marginal and small farmers with kisan credit cards. &quot;Now, a farmer will be able to get two crop loans in a year at a concessional rate,&quot; said a senior official with the National Bank for Agriculture and Rural Development (Nabard), which will implement the scheme.<br /><br />The new scheme will ensure that the first crop loan taken by a farmer is converted into a produce marketing loan at a concessional rate. This will make the farmer eligible for a second concessional loan for the next season.<br /><br />The loan will be available for up to six months against a negotiable warehouse receipt submitted to the bank. A negotiable warehouse receipt allows the transfer of ownership of a commodity stored in a warehouse without having to deliver the physical commodity.<br /><br />The scheme will also boost the warehousing sector, the finance ministry believes. Earlier this week, the government had allowed Nabard to fully refinance bank loans at a lower interest rate in order to promote lending towards construction of warehouse facilities. There are 115 warehouses registered in the country.<br /><br />Some bankers, however, see pitfalls in the scheme. &quot;Banks will be under more pressure to recover the already high non-performing assets in the agricultural sector,&quot; a senior agriculture officer with a state-run bank said.<br /><br />The government has set a target of Rs 4,75,000 crore towards agriculture loan this year. Bad loans in the sector stand at Rs 16,659 crore. The State Bank of India has the highest share of such loans, which were worth Rs 6,832 crore in September 2011.<br /><br /></div>                                                           
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        LATEST NEWS UPDATES | Storage bound farmers to get cheaper crop loan by Dheeraj Tiwari    </title>
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The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce.

Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate..."/>
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The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce.

Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate..." />
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    <h1 class="cat-box-title">Storage bound farmers to get cheaper crop loan by Dheeraj Tiwari</h1>
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                            <br /><div align="justify">The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce.<br /><br />Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the finance ministry directive.<br /><br />This will benefit close to 100 million marginal and small farmers with kisan credit cards. &quot;Now, a farmer will be able to get two crop loans in a year at a concessional rate,&quot; said a senior official with the National Bank for Agriculture and Rural Development (Nabard), which will implement the scheme.<br /><br />The new scheme will ensure that the first crop loan taken by a farmer is converted into a produce marketing loan at a concessional rate. This will make the farmer eligible for a second concessional loan for the next season.<br /><br />The loan will be available for up to six months against a negotiable warehouse receipt submitted to the bank. A negotiable warehouse receipt allows the transfer of ownership of a commodity stored in a warehouse without having to deliver the physical commodity.<br /><br />The scheme will also boost the warehousing sector, the finance ministry believes. Earlier this week, the government had allowed Nabard to fully refinance bank loans at a lower interest rate in order to promote lending towards construction of warehouse facilities. There are 115 warehouses registered in the country.<br /><br />Some bankers, however, see pitfalls in the scheme. &quot;Banks will be under more pressure to recover the already high non-performing assets in the agricultural sector,&quot; a senior agriculture officer with a state-run bank said.<br /><br />The government has set a target of Rs 4,75,000 crore towards agriculture loan this year. Bad loans in the sector stand at Rs 16,659 crore. The State Bank of India has the highest share of such loans, which were worth Rs 6,832 crore in September 2011.<br /><br /></div>                                                           
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        LATEST NEWS UPDATES | Storage bound farmers to get cheaper crop loan by Dheeraj Tiwari    </title>
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The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce.

Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate..."/>
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The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce.

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    <h1 class="cat-box-title">Storage bound farmers to get cheaper crop loan by Dheeraj Tiwari</h1>
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                            <br /><div align="justify">The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce.<br /><br />Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the finance ministry directive.<br /><br />This will benefit close to 100 million marginal and small farmers with kisan credit cards. &quot;Now, a farmer will be able to get two crop loans in a year at a concessional rate,&quot; said a senior official with the National Bank for Agriculture and Rural Development (Nabard), which will implement the scheme.<br /><br />The new scheme will ensure that the first crop loan taken by a farmer is converted into a produce marketing loan at a concessional rate. This will make the farmer eligible for a second concessional loan for the next season.<br /><br />The loan will be available for up to six months against a negotiable warehouse receipt submitted to the bank. A negotiable warehouse receipt allows the transfer of ownership of a commodity stored in a warehouse without having to deliver the physical commodity.<br /><br />The scheme will also boost the warehousing sector, the finance ministry believes. Earlier this week, the government had allowed Nabard to fully refinance bank loans at a lower interest rate in order to promote lending towards construction of warehouse facilities. There are 115 warehouses registered in the country.<br /><br />Some bankers, however, see pitfalls in the scheme. &quot;Banks will be under more pressure to recover the already high non-performing assets in the agricultural sector,&quot; a senior agriculture officer with a state-run bank said.<br /><br />The government has set a target of Rs 4,75,000 crore towards agriculture loan this year. Bad loans in the sector stand at Rs 16,659 crore. The State Bank of India has the highest share of such loans, which were worth Rs 6,832 crore in September 2011.<br /><br /></div>                                                           
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Home हिन्दी

Storage bound farmers to get cheaper crop loan by Dheeraj Tiwari

Published on Jan 4, 2012   Modified on Jan 4, 2012

The Finance Ministry has launched a concessional loan scheme for farmers to prevent distress sale of agricultural produce. Farmers who park their produce at warehouses will be able to avail short-term post harvest loan at 7% as against the prevailing rate of 11%-12%. Farmers making timely payment of the loans will further enjoy 3% interest subvention, bringing the real interest rate to 4%, according to the finance ministry directive. This will benefit close to 100 million marginal and small farmers with kisan credit cards. "Now, a farmer will be able to get two crop loans in a year at a concessional rate," said a senior official with the National Bank for Agriculture and Rural Development (Nabard), which will implement the scheme. The new scheme will ensure that the first crop loan taken by a farmer is converted into a produce marketing loan at a concessional rate. This will make the farmer eligible for a second concessional loan for the next season. The loan will be available for up to six months against a negotiable warehouse receipt submitted to the bank. A negotiable warehouse receipt allows the transfer of ownership of a commodity stored in a warehouse without having to deliver the physical commodity. The scheme will also boost the warehousing sector, the finance ministry believes. Earlier this week, the government had allowed Nabard to fully refinance bank loans at a lower interest rate in order to promote lending towards construction of warehouse facilities. There are 115 warehouses registered in the country. Some bankers, however, see pitfalls in the scheme. "Banks will be under more pressure to recover the already high non-performing assets in the agricultural sector," a senior agriculture officer with a state-run bank said. The government has set a target of Rs 4,75,000 crore towards agriculture loan this year. Bad loans in the sector stand at Rs 16,659 crore. The State Bank of India has the highest share of such loans, which were worth Rs 6,832 crore in September 2011.

The Economic Times, 4 January, 2012, http://economictimes.indiatimes.com/news/economy/agriculture/storage-bound-farmers-to-get-cheaper-crop-loan/articleshow/11356981.cms

Tagged with: Farmers Agriculture

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