During 2012-13, crop loans to the tune of Rs 3,728.74 crore was distributed to over 9.17 lakh farmers as on February 28, 2013, Minister for Cooperation, Sellur K Raju said.
In the policy note for his department for 2013-14 tabled before the state Assembly, Raju said "the government has fixed the crop loan target of Rs 4,500 crore for the year 2013-14."
"This crop loan will be interest-free to farmers who repay promptly and an amount of Rs 160 crore has been set apart for the interest incentive in the (annual) Budget," he said.
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