• search

Ask banks to fast-track crop loan disbursal: Fadnavis to Centre

By PTI
Subscribe to Oneindia News
For Quick Alerts
ALLOW NOTIFICATIONS
For Daily Alerts

    Maharashtra Chief Minister Devendra Fadnavis today wrote a letter to the Centre, demanding that all banks in the state be directed to expedite the process of disbursing crop loans to farmers.

    Devendra Fadnavis

    In the letter to Finance Minister Piyush Goyal, he said said it is the peak time for kharif crops and the Centre is required to intervene and help farmers.

    "All guardian ministers have been instructed to keep a watch on the process of distribution of crop loans. However, the response from nationalised and private banks is not as expected. Banks are distributing loans at a slow pace despite the arrival of rains," Fadnavis stated in the letter.

    The state government has taken serious cognisance of this and that the Centre, too, is required to intervene at the opportune time, the chief minister said.

    "The state government has implemented the historic loan waiver scheme, due to which, a large number of farmers have become eligible for fresh loans," he stated.

    Since the sowing season has started, farmers are in need of crop loans. Thus, banks should be directed to disburse most of the loans by June-end, Fadnavis added.

    PTI

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more