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CROP LOAN NEWS

Interest subvention scheme: Govt looks to raise limit of crop loans from Rs 3 lakh to Rs 5 lakh

July 20, 2024 7:18 am

A proposal for the move, which will allow farmers to borrow more at a concessional rate, is “under consideration” in the Ministry of Agriculture and Farmers’ Welfare, sources said.

Govt stays crop loan recovery in select drought-hit areas

December 30, 2023 12:34 am

The decision was taken to provide relief to farmers reeling under financial crisis due to loss of crops. Recurring unseasonal rains and hailstorms led to crop losses in several parts of state.

Maharashtra: State seeks Centre intervention as poor crop loan disbursement hits debt-ridden farmers

June 10, 2020 5:16 am

There are 11 lakh farmers with a cumulative Rs 8,500 crore debt. Under its loan waiver scheme, the state government had cleared Rs 12,000 crore to make 19 lakh farmers debt-free. The state has 1.56 crore farmers.

Maharashtra crop loan fraud: ED raids firm accused of taking loans in the name of farmers

June 07, 2019 1:01 am

These loans were allegedly availed from various banks in the name of non-existent farmers while some were availed in the name of dead farmers.

Maharashtra govt to roll out campaign to ensure farmers get access to institutional loans

May 12, 2019 3:43 am

According to Tiwari, the state government has set a target of Rs 20,000 crore for six districts of Marathwada and west Vidarbha each for this year. It is trying to ensure that all farmers get loan before June 15.

Maharashtra government will provide Rs 9,000 crore more for crop loan waiver

July 05, 2018 3:56 am

On July 24, 2017, Fadnavis had announced the Rs 34,200-crore loan waiver. The scheme was named Chhatrapati Shivaji Maharaj Shetkari Sanmaan Yojna.

Low crop loan disbursement hits Vidarbha, Marathwada farmers

June 30, 2018 3:38 am

Almost 40 lakh of the total 1.37 crore farmers in Maharashtra are from drought-prone districts of Vidarbha and Marathwada. The government has allocated Rs 58,862 crore for crop loans for the year 2018-19.

NABARD annual status paper of 2018-19: Western Maharashtra will have most access to crop loan, long term credit

May 12, 2018 4:23 am

While the figure for Vidarbha region would be Rs 20,401.56 crore (21.79%), it would be Rs 19,424.18 crore (20.75%) for Marathwada, the report stated.

Banks turning down crop loans to eligible farmers will invite stern action: Devendra Fadnavis

June 17, 2015 1:51 am

“There are well laid out guidelines under which they will have to work and anybody found violating rules would invite action,” Fadnavis said.

Everyone needs a safety net, no one likes crop insurance

August 08, 2016 1:15 am

The claims are calculated on the basis of formulae that even banks and insurance companies would admit to be flawed.

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