Rs 1,800 crore crop loan target for FY07

By Staff
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Google Oneindia News

Lucknow, June 19 (UNI) A target to disburse a total of Rs 1,800 crore crop loan in Uttar Pradesh has been fixed for the current financial year.

The amount comprises targetted disbursal of Rs 825 crore and Rs 975 crore loan for Kharif and Rabi crops respectively for 2006-07.

''Loans amounting to Rs 109.47 crore have already been distributed for kharif crops so far, which is 13.27 per cent of the target,'' General Manager UP Cooperative Bank R S Nirvan said here today.

Last fiscal, Cooperative Banks and Agriculture Cooperative Societies distributed loans worth Rs 1,627 crore, which was 93 per cent of the fixed target.

Of this, Rs 1,064.73 crore agriculture loans were distributed to weaker sections of society and Rs 117.52 crore to SC/ST, which was 64.44 per cent and 7.22 per cent of the total loan distributed.

Mr Nirvan said a maximum of 80 per cent loans were distributed in form of fertilisers and agriculture inputs.

Short term loans were distributed to over 32 lakh beneficieries through district Cooperative Banks, he informed.

UNI VS RA DB1944

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