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Farm credit worth Rs 1.38 lakh cr disbursed in H119-NOV-09
Banks and co-operatives have disbursed farm loans to the tune of Rs 1.38 lakh crore in the first half of 2009-10, meeting over 42 per cent of the target set by the government for the whole financial year.
Farm credit offtake rises 57%21-OCT-09
Farm loans disbursal surged by 57 per cent till August this financial year to Rs 1.13 lakh crore as the government strove to mitigate the impact of drought on farmers through timely supply of credit.
Farm credit offtake rises 57% during April-August20-OCT-09
Farm loans disbursal surged by 57 per cent till August this fiscal to 1.13 lakh crore as the government strove to mitigate the impact of drought on farmers through timely supply of credit.
Raman mulls over interest-free farm loans03-OCT-09
The Chhattisgarh government is considering a proposal to provide interest free loan to the farmers in the state. “The state government is seriously examining the proposal and will soon take the decision to grant interest free loan to the farmers in Chhattisgarh,” Chief Minister Raman Singh said. This could be the best route any government could take to help the farmers, he added.
Union Bank adds Rs 2,500 cr new farm loans in two months01-OCT-09
State-run Union Bank of India has seen a rise in demand for farm loans in the last two months and expects the portfolio to grow by around 18 per cent in FY10, a top official said.
Govt cuts farm loan interest subsidy to 2%10-SEP-09
The government today cut the interest rate subsidy to two per cent for this fiscal on farm loans given by the public sector banks from three per cent last year.
PM pledges govt assistance to farmers to deal with drought15-AUG-09
Sending out a positive message on Independence Day, Prime Minister Manmohan Singh today called for a new era of cooperation and harmony and pledged all possible government assistance to farmers to deal with drought and stepped up efforts to control spiralling prices.
Prime Minister's Independence Day address15-AUG-09
Prime Minister Manmohan Singh said that the effects of the global slowdown were likely to recede by the end of 2009, but the real challenge for India was how quickly 9 per cent growth could be restored and appealed to all businessmen and industrialists to join the government in this task.
Pay late, it's okay, govt tells farmers07-JUL-09
More sops for defaulters; 1% interest subsidy for timely payers.
Banks allowed to write off farm loans not fully paid26-JUN-09
In a relief to farmers who had defaulted on loan repayments, the government and the Reserve Bank of India (RBI) have allowed banks to write-off loans even if only a part of the 75 per cent outstanding amount, as stipulated in last year’s debt relief scheme, was repaid.
Govt banks may have to provide for Rs 25,000 cr in pending farm loans09-APR-09
Public sector banks (PSBs) may have to deal with higher provisioning on a total outstanding amount of around Rs 25,000 crore under the farmers’ debt relief scheme.
Cheap farm loans for diamond workers01-MAR-09
The Gujarat government On Saturday announced a relief package for jobless diamond workers, including cheaper farm loans and a skill enhancement scheme called Ratnadeep Kalakar Yojana.
In poll year, Mukherjee extends sop for small farm loans17-FEB-09
In a step that will keep the farmers’ lobby happy, Finance Minister Pranab Mukherjee today announced that the government will continue to provide interest rate subvention during the next financial year to ensure that farmers keep getting short-term crop loans of up to Rs 3 lakh at 7 per cent per annum.
Banks lap up MFIs' farm loans02-SEP-08
Move helps lenders meet agri-lending targets, boosts micro-finance institutions' CAR.
Banks firm on farm loans despite default fear06-AUG-08
Despite expressing fears of rising defaults, banks today committed themselves to promptly sanction fresh loans to farmers covered under the Centre’s Rs 71,000-crore debt wavier and relief
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