Govt may up farm credit target to Rs 10-12 lakh cr in FY18: PwC

Steps for digitalization of market-linkages seems likely to gain momentum

The government may announce increase in agri-credit target to Rs 10-12 lakh crore in the 2017-18 Budget and even reduce the interest rates considering excessive cash flow in banks after demonetisation, consulting and accounting firm PwC India said today.

For the current 2016-17 fiscal, the government has set a target to disburse agri credit of Rs 9 lakh crore, of which, Rs 7.56 lakh crore credit has been disbursed to farmers till September this year, as per the government data.

"Agriculture credit might increase to around Rs 10-12 lakh crore keeping in mind the excessive flow of cash in the bank