More Loans for farmers

The banks have been directed specifically made ​​available to the farmers as loan demand . Farmers better monsoon coming from the application of too much debt .
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It is believed that during the current financial year 2013-14 agricultural lending banks may have up to eight lakh crore . First , the central government had set a target of Rs seven million .
Finance Minister said that the Finance Ministry has asked banks and financial institutions , " they give more credit to farmers . If the goal is to give something lakh farmers have too much debt is not the point . " The annual target for the fourth consecutive year when the bank will distribute more agricultural loans .
According to sources in the Ministry of Finance annually during the first five months of the current fiscal target (Seven lakh crore ) was allocated 40 per cent of agricultural loans . After two months, the pace of farm debt has risen . The next two - three months and it is likely to increase . For the first time, private banks are also targets for agricultural loans . This is also the reason that farmers get more money . Farming subsidies on loans the government is giving three per cent . From this perspective , only four per cent interest on loans to farmers who repay loans get .
Agricultural loans over the past few years

the target continuously being shared . Target of Rs 3.75 lakh crore in 2010-11 , but was divided on actual debt of 4.68 lakh crore . Target of Rs 5.75 lakh crore during the last financial year , but was disbursed loans over Rs 6.07 lakh crore . Farmers during the current fiscal year, the country's financial institutions could get a loan of Rs eight lakh crore .