Page 2 - Agriculture Credit

Govt may hike agriculture credit target to about Rs 19 trn in Budget

With the aim of doubling farmers' income by 2022, the government is likely to raise farm credit target to about Rs 19 lakh crore in Budget 2021-22 to be presented on February 1, according to sources. For the current fiscal, the government has set a farm credit target of Rs 15 lakh crore. The government has been increasing the credit target for the farm sector every year and this time too, the target is likely to be increased to around Rs 19 lakh crore for the 2021-22, sources said. "Non-banking finance companies (NBFCs) and co-operatives are active in the agriculture credit space. The Nabard refinance scheme will be further expanded. Agriculture credit target for the year 2020-21 has been set up at Rs 15 lakh crore," Finance Minister Nirmala Sitharaman had said while announcing the Budget 2020-21. The agricultural credit flow has increased consistently over the years, exceeding the target set for each fiscal. For instance, credit worth Rs 11.68 lakh crore was given to farmers in ..

Credit to industry shrank 1.7%, personal loans slowed in October: RBI

Credit to large companies contracted 2.9%, but that to medium enterprises grew 16.7% YoY. Overall credit to industry had grown at 3.4% in October 2019

Retail credit up by Rs 40,853 cr in July over June, MSME loans up slightly

RBI said on YoY basis, non-food bank credit grew 6.7 per cent in July 2020, the same as June 2020, but lower than the growth of 11.4 per cent in July 2019

PM launches Rs 1 trn Agri-Infra Fund, sends Rs 17,100 cr to 85 mn farmers

Modi releases the sixth installment of Rs 17,100 crore to more than 85.5 million farmer beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme

Agri Infra fund: PM to launch financing facility of Rs 1 trillion tomorrow

He will also release the sixth instalment of funds of Rs 17,000 crore to 85 million farmers under the PM-KISAN scheme

Streamline logistics of perishables further to boost farmers' returns: CII

Access to credit remains a challenge for food processors while tractor makers face liquidity crunch

Labour issues: Punjab to promote maize cultivation in coming Kharif season

Shortage of labour with expertise to plant paddy has prompted the state to encourage farmers to grow less labour-intensive crops

Govt monitoring farm credit given by banks in rural areas: FM Sitharaman

The farm credit target for the current fiscal has been set at Rs 13.5 trillion

Budget 2020: Govt sets agriculture credit target at Rs 15 trillion for FY21

In her second Budget presentation, the Finance Minister also said Nabard refinance scheme will be expanded.

RBI may incentivise banks to lend more in credit-starved regions: M K Jain

For small and marginal farmers, institutional credit at reasonable costs can act as a catalyst and convert them into vibrant commercial farmers, Jain added

Of farm loans and waivers: Are they helping the Indian farmer?

In this podcast, Business Standard's farm editor helps us understand RBI's report on agri credit review

Misuse of agriculture credit

RBI report provides damning evidence

Best of BS Opinion: India's FTAs, misuse of agriculture credit and more

Here's a selection of Business Standard opinion pieces for the day

RBI panel pitches for a GST Council-type federal body in farm sector

The panel further said that the Centre should push state governments to complete the digitisation process and updation of land records in a time bound manner

Easy credit for farmer-producer organisations on cards in new policy

Comprehensive restructuring of SFAC also promised to smoothen setting up 10,000 FPOs

E-receipts against warehouse storage helping farmers in getting credit

eNWRs record goods kept in warehouses and can be used as collateral for loans.