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Last Updated : 06 July 2009 at 12:10 IST

Budget : Agri credit inflows target at Rs 3.25 lakh cr

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Commodity Online
NEW DELHI : Government has decided to extend farmer loan waiver plan to another six months. Finance Minister Pranab Mukherjee announced this in his budgetary speech in parliament on Monday.

Finance minister said India set a target of agricultural growth at 4 percent and target agri credit inflows at Rs 3.25 lakh crore.

Some of the highlights regarding agriculture sector announced in the budget are given below

• Interest subvention scheme for agriculture loans to continue

• 60% population depended on agri

• Sustained increased in plan allocation

• Target credit flow Rs 325000 cr

• Loans upto 3 lakh at 7% per annum

• Those who pay their loans in time will get loans at 6%

• Task force set up to look into farmer suicides in Maharashtra

• Rajiv Gandhi Krishi Vikas Yojana allocation up by 30%