Agricultural Credit Flow on the Rise
September 5, 2015 12:15 IST
The flow of credit to agriculture sector rose considerably in financial year 2014-15 to over Rs 8.45 lakh crore from Rs 7.31 lakh crore in the previous year, a jump of nearly 15.6%. According to the provisional data compiled by NABARD, Indian banks yet again sanctioned more loans than the target for the year. These agriculture loans include the animal husbandry sub-sector. In 2012-13, the target was Rs 5.75 lakh crore while the loan amount was Rs 6.07 lakh crore, 6% in access. Similalry, the total loan amounts in 2013-14 and 2014-15 were Rs 7.31 lakh crore and Rs 8.45 lakh crore against the targets of Rs 7 lakh crore and Rs 8 lakh crore respectively.