Co-op farm loan disbursal surpasses last year’s figures

The State has managed to disburse about 6.3% more agriculture loan in cooperative sector this financial year over the previous fiscal despite the financial constraints due to COVID-19.

While ₹13,500 crore had been disbursed in the previous financial year, this year the agriculture loan in cooperative sector stood at ₹14,420 crore benefiting about 19.17 lakh farmers, a statement from Cooperation Minister S.T. Somashekar said on Sunday. “Though during the initial days it looked difficult to disburse the loan due to economic slowdown caused by COVID-19, the State is well on course to meet the target this year,” he said.

Loan target

The cooperative sector loan target has been kept at ₹15,300 crore to benefit 24.4 lakh farmers during 2020-2021. “We are hoping to reach out to all 24.4 lakh farmers with loan disbursal shortly,” the Minister said, adding that the grievances of loan disbursal being irregular has been addressed.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *