Banks to lend Rs 1,946 cr in Guntur district

Banks in Guntur district would advance crop loans worth Rs 1,946.13 crore to farmers during 2008-09 under the district credit plan.

The amount comprises Rs 1,671.12 crore for kharif (first) crops, and Rs 275.01 crore for rabi (second) crops.

A sum of Rs 25.52 crore has also been allocated for minor irrigation, along with Rs 10.90 crore for land development, Rs 66.28 crore for farm mechanisation, Rs 13.41 crore for horticulture and Rs. 213 crore for purchase of bullocks and bullockcarts and other agri implements and for setting up biogas plants.

Under kharif, Rs 617.66 crore loans would be sanctioned to paddy farmers, and Rs 9.70 crore and Rs. 2.13 crore for cultivating jowar and bajra respectively. Cotton and chillies would get major chunks of loan amounts.

 

While chillies and vegetable farmers would get Rs 438.23 crore, their counterparts growing cotton would get Rs 329.58 crore. Owners of fruits and orchards would be paid Rs 209.77 crore.

Banks would also give Rs 2.89 crore to groundnut farmers and Rs 4.55 crore to oilsed growers. Kharif pulses cultivation would get Rs 11.85 crore and tobacco farmers Rs 15.46 crore. Sugarcane cultivation would get Rs 25.03 crore.

For rabi crops, banks would loan Rs 52.22 crore to paddy farmers, Rs 66.19 crore to maize farmers and Rs 91.16 crore to blackgram farmers.

Vegetable growing farmers would be advanced Rs 16.50 crore, banana farmers Rs 5.60 crore, chillies farmers Rs 4.03 crore, groundnut farmers Rs 11.25 crore, bengalgram farmers Rs 10.76 crore and greengram farmers Rs 7.88 crore.

Virginia tobacco farmers would get Rs 1.94 crore loans, burley tobacco farmers Rs 2.14 crore, jowar farmers Rs 4.30 crore, bajra farmers Rs 3 lakh, and redgram farmers Rs 50 lakh.