In Chhattisgarh Crop Loans Worth Rs 2,500 Crore Disbursed.

In Chhattisgarh, during the ongoing kharif season, Crop loans to the tune of over Rs 2,500 crore have been disbursed so far. During Kharif season 2016-17, State Cooperative Bank, APEX Bank through its primary agriculture cooperative societies has set a target to disburse Rs 2,800 crore interest-free short-term agriculture loans, informed Ashok Bajaj, who is chairman of the bank.

Bajaj also said, sum to the tune of Rs 2,559 crore have so far been disbursed at the rate of 0 % to 9.29 lakh farmers as short term crop loan which is 91.39% of the set target. Rs 17, 477 crore has been distributed as cash while Rs 8,119 crore in form of agricultural related materials out of the total loans distributed

The interest incurred on loans given to farmers borne by State Government and Centre. Farmers of state are being provided short-term agricultural loan without interest for both kharif and rabi season, as per the policy of government. The last date of loan distribution is September 30.

Bajaj informed that to the 59,584 farmers of Raipur, an amount of Rs 159 crore had been given away as loan, to 77, 334 farmers of Balodabazar-Bhatapara Rs 197.90 crore, 51,656 farmers in Mahasamund is Rs 166.94 crore, to 56,114 farmers of Durg is Rs 178.48 crore, to 74,000 farmers in Bemetara is Rs 231.71 crore and in Rajnandgaon to 1.05 lakh farmers is Rs 251 crore.

Source: http://indianexpress.com/