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44,509 Cr Credit To Farmers Targetted

Posted by on March 13, 2011 0 Comment

Hyderabad: The State Government has targeted to provide Rs 44,059.05 crores of agriculture credit to farmers during the financial year 2011-12.

According to official sources, the credit delivery to the farmers has gone up by around three times with an achievement of an amount of Rs 23,058 crores o crop loans and Rs 5,870 crores of term loans during 2010-11, as against Rs 7,903 crores of crop loans and Rs 1,116 crores of term loans during 2003-04.

In order to extend the benefit to the large number of farmers, efforts have been made to identify new non- loanee farmers and tenant farmers. During 2010-11, about 6.96 lakh new loanee farmers have been extended credit of Rs 1,707.41 crores and 80,838 tenant farmers have been extended credit of Rs 148.70 crores.

It is also planned to take up farm Mechanization Scheme with a financial package of Rs.80 crores for supply of 1,78,578 components. Farm Mechanization was given a boost by supplying implements for lands preparation, sowing, plant protection, harvest and post harvest needs. High cost and medium cost machinery are being supplied under Intensified mechanization project RKVY during 2010-11. So far, 237 numbers have been supplied with a subsidy expenditure of Rs 14.64 crores.

For the year 2011-12, Rs 23.09 crores is provided to implement National Project on Management of Soil Health and Fertility, which was aimed at strengthening of soil testing facilities, promotion of Integrated soil nutrient management, and strengthening of fertilizer quality control laboratories. During 2010-11, five existing Soil Testing Labs (STL) were strengthened, 11 training programmes were organized for SLT staff, and 110 training camps for farmers. (NSS)

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