Agriculture

Rs 2.40 Lakh Crore Disbursed To Farmers Till Sept 2012

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The central government had disbursed Rs 1,35,956.49 crore crore of agriculture credit to farmers till June this fiscal

New Delhi: The central government has disbursed about Rs 2.40 lakh crore of agriculture credit to farmers in the first half of the current financial year, Minister of State for Agriculture and Food Processing Industries Tariq Anwar informed the Parliament today.

In a written reply to the Rajya Sabha, the minister informed that the government has fixed the target of agriculture credit at Rs 5.75 lakh crore in 2012-13.

“The target of agricultural credit flow fixed in the annual budget for the current financial year 2012-13 is Rs 5.75 lakh crore against which achievement up to September 2012 is Rs 2,39,629 crore,” the minister added.

The central government had disbursed Rs 1,35,956.49 crore crore of agriculture credit to farmers till June this fiscal.

The target of agriculture credit flow for the last fiscal was fixed at Rs 4.75 lakh crore and achievement as on March, 2012 was Rs 5,11,029.09 crore.

Responding to a separate query, Anwar said outstanding agricultural Non Performing Assets (NPAs) had increased by over 60 per cent till March 2011 but showed a slower pace of growth as on March 2012.

“As reported by Reserve Bank of India, the outstanding agricultural NPAs increased by 60.91 per cent as on March 2011 over the previous period. However, the growth rate of outstanding agricultural NPAs has come down to 49.01 per cent as on March 2012 over the previous period,” he added.

The government is making efforts to create awareness amongst rural people about outgoing crop insurance schemes by the implementing agencies in coordination with the implementing states to encourage farmers to get their crops insured, he said.

These schemes are popularised through advertisements in leading national and local news papers, telecast through audio-visual media, distribution of pamphlets, participation in agri fairs Anwar added.

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