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Cgarh govt hikes short-term agri loan for farmers by 20 pc

Press Trust of India  |  Raipur 

government has hiked the total amount of short-term agriculture loans for farmers in the state by 20 per cent in the ongoing rabi crop season.

Earlier, the target was fixed to disburseRs 500 crores as loan during the season.

The short-term farm loan has been revised and the authorities now have set a target of Rs 600 crore, APEX Bank chairperson Ashok Bajaj said in a statement today.

Agriculture minister Brijmohan Agrawal had announced on the last day of the recently concluded Session that water from the irrigation reservoirs, which have more than 50 per cent capacity waterwill be supplied for rabi crops, he said.

Bajaj said loans worth nearly Rs 38 crores have been disbursed to farmers till November 21 in this season.

Presently, farmers from districts of Durg and Surguja division have taken short-term farm loans.

A maximum loan of Rs 22.69 crores has been distributed at Bemetara district, he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 25 2016. 16:57 IST