An Increase of More than 119 Percent in Agriculture Lending During 2010-11; Agriculture Loans WorthAbout Rs. 4,46,779 Crore Disbursed as Against Target of Rs. 3,75,Ooo Crore.

Press Information Bureau

Government of India

Ministry of Finance

02-August-2011 18:05 IST

An Increase of More than 119 Percent in Agriculture Lending During 2010-11; Agriculture Loans WorthAbout Rs. 4,46,779 Crore Disbursed as Against Target of Rs. 3,75,Ooo Crore

The banks have disbursed agriculture loans worth about Rs. 4,46,779 crore as against the  target of Rs. 3, 75,000 crore fixed by the government for lending to Agriculture sector in 2010-11.  The agency-wise target and achievement made by the lending agencies are given below:

Reserve Bank of India (RBI) has reported that the total amount of loan given to priority sector during the year 2009-10 was Rs.11,38,406.35 crore.  The target of Rs.3,75,000 cores was approximately 33% of the total priority sector loans for 2009-10.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to an Unstarred Question in Rajya Sabha today.

DSM/PM