Crop loan target set

The govt. has fixed a crop loan target of  

4,000 crore for the year 2012-13 and will offer it interest-free to farmers who repay promptly. Minister for Cooperation Sellur K. Raju has said. Moving the demand for grants for his department, he said that crop loan to the tune of  3,280.42 crore was disbursed to about nine lakh farmers last year as against the target of  3,000 crore. Out of the loans disbursed, an interest free crop loan of  460.94 crore was disbursed to about 1.50 lakh SC/ST farmers with an interest subvention of  9.22 crore at two per cent.

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