Farm Loan Information

First half farm loan sanctions at Rs 95k cr

The government said on Monday that banks have provided Rs 95,064 crore as agricultural loans in the first six months of the current financial year. The amount is less than half of the total farm credit disbursed in the whole of 2007-08. Banks had ...

First half farm loan sanctions at Rs 95k cr

Oct 20, 2008
Business Standard, India -
PTI / New Delhi October 21, 2008, 0:55 IST The government said on Monday that banks have provided Rs 95064 crore as agricultural loans in the first six months of the current financial year. The amount is less than half of the total farm credit disbursed in ...

India announces Rs.250 bn package to improve liquidity

Oct 15, 2008
Thaindian.com, Thailand -
New Delhi, Oct 15 (IANS) In a bid to release more funds for credit-starved industry, Finance Minister P. Chidambaram Wednesday announced a Rs.250 billion (Rs 25,000 crores/$5.5 billion) package for lending institutions and doubled the overseas borrowing limit for the corporate sector to ...

Centre releases Rs 25,000 cr under farm loan waiver scheme

Oct 17, 2008
Indian Express, India -
Nagpur, October 17 : The Centre has released the first installment of Rs 25000 crore to states under the Rs 60000-crore agricultural loan waiver scheme announced by Union Finance Minister P Chidambaram in annual General Budget for the year 2008-09 as a measure to ...

Banks to get 9% on farm loan dues

Wednesday, September 24, 2008
Business Standard, India -
In a major relief to banks, the government is likely to pay 9 per cent interest on the outstanding farm loan debt waiver amount of around Rs 55000 crore. ...

Subsidised farm loan limit may rise to Rs 5 lakh

Aug 21, 2008
Business Standard, India -
After the Rs 66600-crore farm debt waiver and relief scheme, more relief is on the way to farmers hit by rising prices of fertilisers and other inputs. The government is planning to raise the limit for the subsidised farm loan from Rs 3 lakh ...

Banks to get $6.25 Bn against farm loan waiver

Aug 27, 2008
Siliconindia.com, India -
New Delhi: The coming session of parliament beginning Oct 17 will see the government releasing Rs.25000 crore (Rs.250 billion) to the banks to help them make up the loss incurred on account of farm loan waiver, said a senior finance ministry official Wednesday. ...

Govt may find farm loan waiver package stiffer

Aug 28, 2008
Newstrack India, India -
The farm loan waiver scheme may prove costlier to the government as the Regional Rural Banks (RRBs) - the banks that had granted loans to the farmers- are now seeking interest on their reimbursement against their loans due to long delayed from the government to compensate them ...

Banks to get Rs 25,000-cr farm loan relief in Oct

Aug 27, 2008
Business Standard, India -
The government will reimburse Rs 25000 crore to public sector banks, regional rural banks (RRBs) and cooperative banks in October as the first tranche of payments for the Rs 66,600-crore farm debt relief scheme. ...

Banks lap up MFIs' farm loans

Sep 1, 2008
Business Standard, India -
Bandhan, a Kolkata-based MFI, is in talks with some of the leading private banks to sell its agriculture loan portfolio, while Biswa, an Orissa-based institution, which recently sold Rs 23.51 crore worth of such assets to IndusInd Bank, is eyeing more deals in ...

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