AGENDA- 5 Agriculture Sector Progress in lending to Agriculture Sector (Rs. in crores) Achievement Sl. No Item Target (Disbursements % of 2014-15 during 01.04.14 to Achievement 31.12.2014) Short Term Crop Production Loans 1 Khariff 25,888 10,108 39.05 Rabi 16,090 6,954 43.22 Total 41,978 17,062 40.65 Agrl. Term Loans 2 Khariff 3178 1,606 50.53 Rabi 3178 1,087 34.20 Total 6,356 2,693 42.37 Allied to Agriculture 3 Khariff 3843 2,075 53.99 Rabi 3842 613 15.96 Total 7,685 2,688 34.98 Khariff 32,909 13,789 41.90 4 Rabi 23,110 8,654 37.45 Total Agriculture 56,019 22,443 40.06 The performance of agriculture sector under ACP is 40.06% of the target for the year 2014-15 as against 78.42% of the achievement for the corresponding quarter for the year 2013-14. Implementation of Union Budget speech 2014-15 – Interest Subvention Scheme for Short term Crop Loans during the year 2014-15-RBI circular No. RBI/2014-15/417 FIDD.No.FSD.BC.48/05.04.02/2014-15, Dated January 21, 2015 Reserve Bank of India has issued a circular in pursuance of the budget announcement made by the Finance Minister relating to the Interest Subvention Scheme 2014-15, Interest subvention of 2% p.a. will be made available to Public Sector Banks (PSBs) and Private Sector Scheduled Commercial Banks (in respect of loans given by their rural and semi-urban branches) on their own funds used for short-term crop loans up to Rs.3,00,000/- per farmer provided the lending institutions make available short term credit at the ground level at 7% per annum to farmers. Besides, additional interest subvention @3% will be available to the prompt paying farmers from the date of disbursement of the crop loan up to the actual date of repayment by farmers or up to
AGENDA- 5 Agriculture Sector Progress in lending to Agriculture Sector (Rs. in crores) Sl. No Item Target 2014-15 Achievement (Disbursements during 01.04.14 to 31.12.2014) % of Achievement 1 Short Term Crop Production Loans Khariff Rabi Total 25,888 16,090 41,978 10,108 6,954 17,062 39.05 43.22 40.65 2 Agrl. Term Loans Khariff Rabi Total 3178 3178 6,356 1,606 1,087 2,693 50.53 34.20 42.37 3 Allied to Agriculture Khariff Rabi Total 3843 3842 7,685 2,075 613 2,688 53.99 15.96 34.98 4 Khariff Rabi Total Agriculture 32,909 23,110 56,019 13,789 8,654 22,443 41.90 37.45 40.06 The performance of agriculture sector under ACP is 40.06% of the target for the year 2014-15 as against 78.42% of the achievement for the corresponding quarter for the year 2013-14. Implementation of Union Budget speech 2014-15 – Interest Subvention Scheme for Short term Crop Loans during the year 2014-15-RBI circular No. RBI/2014-15/417 FIDD.No.FSD.BC.48/05.04.02/2014-15, Dated January 21, 2015 Reserve Bank of India has issued a circular in pursuance of the budget announcement made by the Finance Minister relating to the Interest Subvention Scheme 2014-15, Interest subvention of 2% p.a. will be made available to Public Sector Banks (PSBs) and Private Sector Scheduled Commercial Banks (in respect of loans given by their rural and semi-urban branches) on their own funds used for short-term crop loans up to Rs.3,00,000/- per farmer provided the lending institutions make available short term credit at the ground level at 7% per annum to farmers. Besides, additional interest subvention @3% will be available to the prompt paying farmers from the date of disbursement of the crop loan up to the actual date of repayment by farmers or up to
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